The past year was a transformative year in freight transportation. With the impacts of tight driver and equipment capacity, freight rates were on the upper side of the equation. While these forces were in play, customers were demanding a higher level of service reliability. This caused shippers to place a greater importance on carriers with high transit time consistency, higher equipment availability, more flexibility and multi-modal capabilities. These requirements are only going to increase in 2016 and the winners would be the ones who take the help of technology to solve complex scenarios.
With the emergence of advanced freight management and transportation needs, many transport companies are looking to implement freight management systems to improve their delivery capabilities. An efficient freight management system allows fleet owners to plan for the current inventory and ensure warehouse efficiencies. It helps them in meeting the ever-growing demand for on-time delivery of products and raw materials.
Further, many business establishments are taking the advantage of the trade incentives and relaxation in regulations to expand their businesses beyond national boundaries. This triggers the demand for freight management systems that can update and track freight movements globally and ensure safe and on-time delivery.
Multiple other factors will also have its play in efficient freight management. For the truckload carriers, it will be making use of smart pricing and costing models that can aid in smarter management decisions on how and where to position assets. In addition, there will be more involvement of smartphone-enabled technologies that can provide dynamic, real-time load information sharing. The carriers that do not invest in these technologies will pick up the “bad freight” that they aren’t able to properly price and service effectively in their networks.
In a nutshell, the winning carriers and shippers will be the ones who align their processes, people and technology in more strategic ways to reduce costs and increase service efficiencies. This scenario calls for vendors that are more “solution providers” rather than pure transportation suppliers.
Our goal with this special edition on freight management is to help readers gain clear insights on what is happening in the sector. We also feature a list of prominent players who help the clients meet their freight management objectives with technology.
|Company Logo||Company Name||Company Description|
|BestTransport||Provides cloud-based TMS solutions that reduces freight costs and improves efficiencies of businesses.|
|CTSI Global||A provider of Freight Audit and Payment solution that helps capture data in any format and manage over millions of freight bills.|
|Data2Logistics||Provides accurate freight auditing, cost allocation, business intelligence, consultancy, payment, and supply chain finance services and solutions.|
|Intellect Technologies||Intellect Technologies is a premier provider of Information Technology solutions and Professional Services to the Freight Logistics and Shipping Line industries.|
|Intelligent Audit||Provides its clients with a global, all-mode transportation audit, recovery, freight payment, and business intelligence reporting partner.|
|MGN Logistics Inc||Provides seamless logistic and freight management solutions with simplified process through electronic scheduling, online tracking and account management.|
|MyFreightWorld||Provides transportation and supply chain management solutions to manufacturers, third party logistics managers and intermediaries.|
|ShippersEdge||Providing multi-carrier shipping software solutions for the less-thantruckload (LTL) and truckload (TL) shipping industries.|
|Silver Bullet Technologies||Designing and developing modular, affordable, and adaptable logistics business softwares.|
|Werner Enterprises||Provides integrated Transportation Management System (TMS) and supply chain solutions for freight management to reduce costs and enhance transportation services.|