Outsourcing Freight Transportation Pays Off

Key Capabilities of Third Party Logistics SourcingMulti-lane or contingent bidding Configurable algorithms to analyze and optimize carrier bids across a number of business constraints Online bidding on select lanes in an electronic, dynamic marketplace Multiple types of contract support: full truckload, inter-modal, heavyweight freight, LTL . Today, companies face tightening freight capacity and rising freight costs. The farther out you can reserve capacity and the more you can consolidate your freight spend with strategic carriers, the better chance you have to ensure reliable, consistent, low-cost freight movements. Given the rising operating costs that most carriers are facing, shippers must adopt a solution that creates a formal, repeatable process to obtain freight contracts from their carriers while helping to minimize exposure to rate increases. This solution should synchronize freight needs with strategic carriers. Third Party Logistics delivers an electronic method of distributing RFQs to logistics service providers. The solution gathers lane, price and capacity information and then awards bids to the optimal service providers. With Third Party Logistics, shippers gain access to real-time pricing and contingency information from selected carriers. Once carriers have completed their bids, the solution will optimize the bids based on the configurable criteria intended to constrain the carrier selection by real business constraints. Contracts are then awarded to carriers that best meet the requirements of the shipper. Finally, awarded contracts can be automatically converted and integrated into the daily transportation planning process. By using Third Party Logistics, you will minimize the time it takes to conduct an RFQ for transportation services from months to weeks and ensure that you have the necessary contracts in place to respond to the fluctuations in your business. If you’re excited about the possibilities that Third Party Logistics Inc. brings, and would like to learn more about how we can help you achieve Real Results, contact us at info@thirdpartylogisticsinc.com or call 843-773-7807.