By definition an audit is,
- An examination of records or financial accounts to check their accuracy.
- An adjustment or correction of accounts.
- An examined and verified account.
A freight audit vendor is therefore one who examines, adjusts and verifies freight bills for accuracy.
Therefore, a freight audit is the process of examining, adjusting and verifying freight bills for accuracy.
'Freight costs
- Costs incurred by the merchant in moving goods, by whatever means, from one place to another under the terms of the contract of carriage. In addition to transport costs this may include such elements as packing, documentation, loading, unloading and transport insurance.