SUMIT CVA is a multi-round auction format, which enables pre-qualified carriers to view a shipper's transportation requirements and identify and bid on packages of lanes that best optimize their assets.
Carriers are able to enter their rates, create packages and bids, review specific service requirements of the freight and analyze bid results in Microsoft Excel-based format.
The process offers conditional bidding, which allows carriers to define bid acceptance conditions between lane packages to provide flexibility and keep carriers from over-committing assets.
'The CVA process is simply a better way to procure freight than manual RFQs or e-logistics reverse auction bidding because it allows the buyer and seller to leverage their existing networks to develop strategic transportation solutions that work for both parties,' said George Grossardt, vice president of alliance services for Green Bay, Wis.-based Schneider Logistics.
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