It’s official: the truck capacity crunch is here. Over the last several weeks, we’ve seen rates and demand rise, with outbound tender rejection rates reaching an annual high last week. As a freight broker or logistics provider, a tightening capacity market means you have to move quickly to find and secure the best available truck capacity for your shippers. It also may mean lower margins, which means you have to keep your operating costs as low as possible to stay the course.
Trucker Tools’ digital freight matching can be the difference-maker for your brokerage or 3PL in the coming months. Our digital freight matching platform reduces the time that you spend finding qualified capacity, particularly with your core carriers, and helps you increase operational efficiency to maintain margins. Trucker Tools’ digital freight matching also offers you insights into future truck capacity, which gives you a major advantage over your competitors.
How would you like to be able to find qualified carrier capacity with a few clicks on your computer? That’s what Trucker Tools’ digital freight matching can offer your brokerage business. With digital freight matching, you can reduce or eliminate the time-consuming tasks of manual load searches. Instead of spending hours sending and responding to emails from carriers about a single open load, making 20 phone calls to cover a load or fielding inquiries from load board postings, you can find qualified truck capacity instantly with Trucker Tools’ digital freight matching.
The beauty of Trucker Tools’ digital freight matching is that the platform instantly matches your open loads with available truck capacity from drivers and fleets in your carrier network. Our digital freight matching algorithm shows you the best capacity matches at the top of your search results to ensure your capacity searches are as efficient as possible. When your process for covering a load is faster and you spend less time and human resources on finding trucks, your cost per load goes down. That’s great news for your bottom line.
With Trucker Tools’ digital freight matching, you decide which carriers can see your available loads. This makes it easy for you to find truck capacity within your core carrier network and book repeat loads with your favorite carriers. Booking repeat loads with your preferred carriers helps you reduce the costs associated with onboarding a new carrier every time you cover a load. Making your loads available to specific core carriers also means you eliminate inquiries from unqualified carriers outside your network, which saves you even more time.
As Eric Johnson, Senior Technology Editor for JOC, recently noted, “In times of tight supply, the most valuable commodity a technology can provide is the ability to access previously hidden capacity.”
In times of tight supply, the most valuable commodity a technology can provide is the ability to access previously hidden capacity.
Trucker Tools’ digital freight matching platform includes predictive load matching that allows you to see core carrier capacity that will be available for loads in the future. Our predictive truck capacity is based on historical shipment tracking and market data. With Trucker Tools’ predictive load matching, you can find qualified capacity several days in advance and spend more time targeting profitable shipper loads in advance. This is in stark contrast to load boards and other load-finding technologies that typically can only offer insight into current capacity.
One of the major benefits of Trucker Tools’ digital freight matching is that it makes it easier for you to scale up volume when the market shifts. When you streamline your processes for finding truck capacity with digital freight matching, you free up time for brokerage staff members to move more loads. You also don’t have to hire additional staff to increase the volume of freight that you move.
“We have been fortunate that, while we saw volumes drop as the market shifted, we had tools like this from Trucker Tools,” Kingsgate Senior Vice President of Strategy & Innovation Tom Curee said in a recent interview with FreightWaves. “We had food clients who saw a spike and retail clients trying to get products off their dock before orders got cancelled. Digital freight matching helped our team deal with this flux without having to go out and hire more staff.”
We had food clients who saw a spike and retail clients trying to get products off their dock before orders got cancelled. Digital freight matching helped our team deal with this flux without having to go out and hire more staff.
Read Where’s Waldo? to learn why a scattershot approach to load tracking and capacity searches may be hurting your freight brokerage. For a demo of Trucker Tools’ digital freight matching, contact our sales team.