Freightmart offers importers, exporters and manufacturers the ability to post merchandise to be shipped by truck, air or ocean, the company said.
Contrary to earlier exchanges, based on the reverse bidding model, Freightmart will not see the lowest bids always win, David Dimas, sales and marketing manager, told American Shipper.
Freightmart will offer forwarders the ability to bid on posted shipments and post their empty equipment for shippers to choose.
The company said that it will take a 1 percent commission on transactions for originating the business. There is no cost to shippers to use the service. Its system will provide real time quotes on shipping bids, it said.
Freightmart said that it has 2,500 registered members, and its system has recorded 1.7 million hits in its first month.
The freight exchange company is the brainchild of its owner, Chris Tangkilisan.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now