Project44 has launched its AI Freight Procurement Agent, a new tool designed to automate carrier selection, rate benchmarking, and negotiations across multiple transportation modes.
Coupa’s acquisition of Scoutbee signals a major shift toward data-driven sourcing across global supply chains.
A fireside chat with Emerge CEO Andrew Leto discussed leadership, planning and resilience at FreightWaves’ F3: Future of Freight Festival.
Uber Freight’s Market Access is an AI-powered algorithm that gives shippers transparent freight pricing and greater control over their procurement stipulations.
Freight Club leverages the volume of all clients in order to get enterprise rates from its network of more than 30 well-known carriers.
Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.
Shippers have already begun negotiating lower contract rates, and carriers should prepare for this trend to continue. This will prove especially important for small and mid-size carriers who often do not have the profit margins to weather a storm.
This year, American consumers are expected to spend $7.7 billion – a number that has climbed over $1 billion since 2019 – on food items leading up to the July 4 holiday.
Shippers are beginning to realize that their tried and true RFP methods will no longer keep them competitive in a changing market, pushing them to consider new, data-driven options.
Partnering with the right carriers can be a complex decision, and making the wrong choice can easily threaten a shipper’s bottom line.
Agility is more important than ever, as pandemic-related headwinds continue to play out and new technologies strengthen competing companies by offering increased flexibility.
Many shippers are now looking to shorten the duration of their bid contracts in order to take advantage of current capacity and avoid being locked into sky-high rates as the market shifts.
As farmers prepare for harvest, shippers should ready themselves for the seasonal rate increases and capacity shortages that accompany fresh fruits and veggies each year.
Digital RFPs allow shippers to award bids faster and perform far less manual labor, bolstering their bottom lines and allowing them to repeat the RFP process more often.
With expansion into both Asia and Europe, Cargobase expects to more than triple its revenues.
Many shippers believe a TMS will streamline their operations and lead to greater profit. It is just one piece of the puzzle, though, that also includes freight auditing, benchmarking, and procurement strategies.
