ATLANTA, GA, November 08, 2022 / 24-7Press Release / – With rapidly changing supply chains and the changing transportation industry, it has become a little more difficult for freight forwarders to move their goods.

Freight forwarders are increasingly turning to digital commodity brokers who use advanced technologies, such as artificial intelligence and machine learning, to create flexible solutions for changing market dynamics. In many cases, digital freight brokering can simplify the process for shippers and reduce costs.

The following companies are at the forefront of the digital freight sector:

Amazon transport
Uber goods
Convoy
Truck stop
Macropoint
Smart charge
DAT

What is a digital transport broker?
Brokers connect shippers with couriers. They help shippers get their goods to their destination and assist freight and trucking companies in finding cargoes to keep their trucks generating revenue. A digital freight broker manages all of this in real time on a digital platform that connects shippers with couriers.

The digital platform simplifies the process by directly connecting the shipper and the carrier without intermediaries. A digital freight broker can greatly expand your courier search and lead to more competitive rates. By tapping into the digital transportation network, shippers can develop relationships with carriers they wouldn’t normally find.

It is becoming more and more common for digital commodity brokers to work as the primary source for shipping freight. Overall, the digital commodity brokerage market is expected to reach $ 26 billion by 2030.

Digital commodity brokers vs traditional brokers: what’s the difference?
With traditional freight brokerage, much of this work is done manually using spreadsheets, phone calls, or emailing back and forth. Brokers could be third party logistics companies or individual traders.

A digital transport broker, on the other hand, uses a digital platform to leverage capacity more efficiently, greatly accelerating the process and providing greater transparency throughout the entire process.

With spot rates starting in 2022 at near-historic numbers, a digital freight broker offers shippers an easy way to find alternative shipping sources. In today’s environment of low capacity and a shortage of drivers and equipment, a digital freight broker provides suppliers with the transportation intelligence and truck drivers they need to move goods efficiently.

How does the digital transport brokerage process work?
The process is simple. Customers go online, submit cargo information and include all relevant information for pickup and delivery.

The digital freight broker’s platform will automatically find available carriers and highlight freight based on shipper’s terms. When both parties agree to the match, loads can be booked immediately. Instead of contacting multiple brokers, shippers can find more options for delivering goods, and couriers can find more freight.

How digital commodity brokering can benefit your business
A digital freight brokerage can benefit your business by helping you find the best couriers at the most competitive rates.

Here are eight ways to streamline your workflow using a digital transport broker.

1. Automate administrative tasks
Transportation transactions create a lot of paperwork, from orders, bills of lading (BOL), Proof of Delivery (POD), invoices, and more. For years, these activities have been performed using manual data entry. Digital commodity brokers use artificial intelligence and machine learning tools to automate these processes. Not only does it work quickly and seamlessly, it eliminates human error. Thanks to its efficiency, it can also reduce costs.

2. Source quality vectors
Finding skills can be a challenge. With drastic shifts in consumer demand, finding favorable rates in the right freight lanes can be tricky. Digital freight brokers can access in-depth databases to find the best carriers and routes, providing multiple options at competitive rates.

The best digital shipping brokers, such as Truckstop.com Load Board for Shippers, produce courier performance ratings so you can choose couriers based on more than just the rate. You can rate their overall rating, inspection, history, complaints and compliments. You can also search by truck or lane and discover the hidden capacity.

3. Increase negotiating strength
If armed with the correct data, you can significantly improve your negotiating strength.
Rate Estimates – Get accurate estimates specific to load, weight, length, equipment type, lane, etc.

Weekly Trends: Track rates for similar loads over the past month for better pricing.
Monthly Trend: Analyze a longer period to account for historical and seasonal changes and anticipate future changes.

4. Board the carriers faster
Another significant time saver in using a digital freight broker occurs when it’s time to board a new carrier. On Truckstop.com, for example, over 98% of today’s active carriers are already in the system, which can reduce the time it takes for carriers to board by up to 80%. Since carriers are pre-vetted, it also reduces the risk of carrier fraud or identity theft. You can automate onboarding and carrier tracking. Monitoring ensures that carriers are in line with freight rules and regulations, how to keep their insurance and operating authorities up to date.

5. Monitor carrier compliance
After onboarding, a digital freight broker can also ensure that carriers meet your standards for safety assessments, CSA-e (Safety and Accountability Compliance) scores, TIA audit reports, operational authority and l insurance every time you book a cargo. Most insurance certificates are already in the system.

Using a non-compliant carrier is risky for everyone involved. It can put you at risk for litigation, especially if the information was available and you didn’t check and monitor compliance. Due to legal liability, using a carrier that hasn’t been up to date on their paperwork puts your reputation at risk.

6. Access real-time transport data
Perhaps one of the most significant benefits of working with a digital freight broker is that you can find trucks ready to cover your loads in real time. This accessibility means that the data you see is always up to date, allowing you to monitor changes in truck capacity, load volumes and rates across thousands of lanes.

No more guessing competitive rates or relying on historical data to set prices with access to commodity intelligence data. Get access to current data for better prediction.

7. The book loads quickly
The Digital Freight Brokerage platform also allows you to book loads quickly. You can decide which carriers can view and book your loads and offer them to carriers you already trust.

Carriers see these loads and can book them instantly, even outside normal business hours. There is no need for long phone calls or sending documents back and forth. Post your cargo for a small flat fee and couriers can book them immediately.

8. Make your load move faster
A digital transport broker eliminates middlemen to save you time and money. Eliminate back and forth to match your cargoes and provide transparent pricing for everyone in the supply chain. With real-time data and freight information, you can make better decisions and move goods faster.

Freight Broker911 connects freight industry professionals and job seekers with the best logistics opportunities in the industry.

#Transportation #FreightBroker #FreightBrokerCareer #FreightBrokerJob #FreightBrokerTraining


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