A load verification system and method may be used to assess the loading of material from a loading work vehicle having a load bucket to a haulage work vehicle having a load bin. The system includes at least one volume sensor coupled to the loading work vehicle that observes a volume of material in at least one of the load bucket and the load bin and generates a corresponding volume data signal. The system also includes a first controller onboard the loading work vehicle and a second controller onboard the haulage work vehicle. At least one of the first and second controllers: receives the volume data signal from the at least one volume sensor; receives a unique haulage work vehicle identifier; associates volume data of the corresponding volume data signal with the unique haulage work vehicle identifier; and stores in memory the associated volume data and haulage work vehicle identifier.