U.S. Bank Freight Payment helps shippers and carriers simplify the complex “exchange” at the center of transportation: invoices, data, and money moving accurately and on time. Built on the strength and standards of a federally regulated financial institution, the solution combines freight audit, payment automation, and decision-ready insights to help organizations run more efficient, resilient supply chains.
For more than 25 years, organizations have relied on U.S. Bank Freight Payment for the reliability, security, and service that come with a bank-grade payments provider. U.S. Bank pioneered electronic freight payment in 1998 and today processes freight payments at global scale—more than $46 billion for hundreds of customers and nearly 20,000 carrier payees across 200+ countries and 100 currencies, with more than 99% of payments handled electronically.
Through a comprehensive online platform, U.S. Bank Freight Payment automates and streamlines audit and payment workflows across transportation modes, reducing manual effort while improving visibility and control. The program emphasizes financial integrity and transparency, supported by compliance and security integrations (including AML, OFAC, SOC and SOX). Beyond processing, U.S. Bank Freight Payment provides analytics, benchmarking, and industry intelligence, through a pair of quarterly U.S. Bank Freight Payment Index publications, to help customers uncover cost-saving opportunities and make more confident, data-driven decisions.
U.S. Bank Freight Payment also helps optimize cash flow through flexible working capital options that can extend payment terms without renegotiating carrier contracts, while supporting stronger carrier relationships through faster, more predictable payment and collaborative issue resolution. In short, U.S. Bank Freight Payment serves as a trusted steward of freight commerce—partnering hands-on, engineering certainty, and advancing every exchange so supply chains can keep moving forward.