U.S. National Nuclear Security Administration to Use U.S. Bank Transportation Solutions
November 08 2011 - 10:46AM
Business Wire
The U.S. Department of Energy’s National Nuclear Security
Administration (NNSA) has signed a letter of intent to implement
U.S. Bank Transportation Solutions for billing and payment of
freight shipments.
“We welcome NNSA to the growing group of federal agencies
choosing U.S. Bank’s freight payment network to cut costs, enhance
efficiency and save taxpayer dollars,” said Doug Ichiuji, senior
vice president, U.S. Bank Government Services. “The list already
includes the Departments of Defense, State, Homeland Security, and
Health and Human Services. We continue to transform payment
processing with the most effective collaboration, financial supply
chain visibility and business intelligence tools available.”
Last year, the Defense Department alone processed freight
payments of $3.5 billion and household goods payments of $2 billion
through U.S. Bank Transportation Solutions. The resultant savings
to U.S. taxpayers rose into the millions.
“Beyond innovative products and superior customer service, U.S.
Bank provides a strong and reliable financial partner,” Ichiuji
added. “Our financial performance remains among the best in the
industry. It comes from a disciplined approach to credit and risk
management and continued investment in products and services that
meet the needs of our customers.”
U.S. Bancorp (NYSE: USB), with $330 billion in assets as of
Sept. 30, 2011, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The company
operates 3,089 banking offices in 25 states and 5,092 ATMs and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. U.S. Bancorp and its
employees are dedicated to improving the communities they serve,
for which the company earned the 2011 Spirit of America Award, the
highest honor bestowed on a company by United Way. Visit U.S.
Bancorp on the web at www.usbank.com.
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