It is no secret that the logistics industry is undergoing a major technological evolution, especially when it pertains to the way companies procure freight and check for truckloads available for carriers. As emerging technology rises to the demand of the ever-growing e-commerce market, digital freight matching is becoming the new standard for successful organization and operation within the supply chain network. By using these new powerful tools and methods, companies can easily take advantage of the benefits of digitalization: more shipping options and higher profitability.
E-Commerce Growth Has Triggered an Absolute Rush on Capacity
As e-commerce and the demand for truckload carriers continue to steadily rise, securing the proper capacity and choosing the right transporter comes with serious challenges. Shippers must consider multiple factors such as truckloads available at precise times, reasonable pricing, and above all dependability. According to Supply Chain Dive, capacity is overall just 7% lower than in prior years, differences relating to the pandemic aside, but overall demand has risen 130%. Moreover, the manual processes of traditional load matching are simply ineffective and fail to enable e-commerce expansion.
In order to match the growth of the internet of things (IoT), digital freight matching has automated much of these processes and has eliminated the back and forth, time-consuming process. Now shippers can know instantaneously what's available when freight loads can ship, and at what rate. All of this is achieved by complete transparency and full visibility on truckloads available as the drive for capacity procurement continues to dominate the industry ahead of growing e-commerce trends.
Truckload Carriers Use Digital Freight Matching to Lower Risk and Pick More Attractive Truck Loads Available
Using digital freight matching remains the ultimate form of collaboration and efficiency. This technology aggregates all the best options for truckload carriers, giving them optimal options to pick from on truckloads available. The ability to compare bids and loads in real-time gives carriers and shippers alike the freedom to be more precise with their capacity choices. Knowing what a load will entail, the fees involved, special requirements, and other factors help managers make wise and profitable choices. Using truckload freight technology also lowers the risk of potentially wasted cargo space and empty loads by maximizing every bid and every offer that is sent or received. This saves businesses money on both the outbound and inbound sides, resulting in higher profitability. With the innovative assistance of digital freight matching platforms risks can be better managed and profits can increase faster and easier than ever before.
Added Benefits of Digital Freight Matching for Truckload Carriers
Digital freight matching technology offers a multitude of benefits for carriers. By automating certain processes, the headache of dealing with disruptions and problems within the supply chain is alleviated. Here are some of the most influential benefits:
When it comes to finding truckloads available, managers and team members alike experience less stress. This technology offers complete transparency, improving communication and reliability from end to end.
Digital freight matching tools offer instant booking confirmation. There’s no more back and forth exchange of tedious communication that wastes valuable time and energy. These processes enjoy innovative upgrades and streamlined applications with automated systems and collaborative tools in place.
The risk of cancellations is reduced significantly. As visibility throughout the supply chain becomes more accessible, shippers and carriers have a clear understanding of truckloads available and what capacity limits they may encounter.
Integrating these systems creates better cash flow processes. These sophisticated systems manage booking and the process of load tender to payment.
Push notifications allow carriers to know when to pick up and drop off. This establishes a clear schedule giving insight into when shifts occur and where potential conflicts and gaps may occur in the delivery schedule.
Tools such as digital freight matching technology offer fair market prices for both carriers and shippers. This gives both parties the best ideal choices for rates and allows all involved parties to maximize profits while lowering expenses as much as possible.
Above all these integrated systems offer better shipper and carrier connectivity. The relationship between all parties is enhanced, translating into more dispatches and fewer empty miles.
Reap the Rewards of an Integrated Digital Freight Matching Solution Now
It’s evident that the use of digital matching technology is on the rise for its many advantages. Integrating these systems allows companies to more efficiently secure capacity through transparent and visible means. By eliminating lag time and utilizing wasted cargo space, shippers and carriers can optimize their savings and increase profitability. Enjoy these and many other amazing benefits today by implementing modern technology solutions for determining and securing truckload available for procurement. Request a newtrul demo to get started today.