Change is inevitable in nearly every industry. We’ve seen it with phones, films, rideshare and most recently freight. As technologies surface to solve new problems, every business has a choice – adapt or die out. A new technology that you’ll certainly be hearing more about in the year to come is freight marketplaces. The following are 10 reasons on why you need to consider utilizing one for 2019.
What Is a Private Freight Marketplace?
A private freight marketplace differs from a traditional freight marketplace in that it is specifically designed for managing and delegating shipments within a shipper’s exclusive carrier network. Shipping managers and logistics professional can also utilize a private freight marketplace to manage their overflow. In this case, when a carrier from the shipper’s route guide or controlled sequential tendering (CST) isn’t available to cover the load, the shipper would then have the option to post the load to a network of new verified carriers provided by the platform.
Define the marketplace and how it's different from other companies who say they have a "marketplace" (think what makes it great).
The Emerge Marketplace is a way for shippers to interact with carrier & broker vendors that they've never had access to before. Not only do we introduce the shipper to these new partners, but we streamline the onboarding, insurance, and communication that currently happens every day. We're excited to partner with other companies who have similar technology or marketplace visions, which really differentiates us from anyone in the industry. If you're new the world of freight marketplaces check out What Is a Freight Marketplace?
Why did we build it?/How is it impacting the way customers do business?
A freight marketplace is typically a cloud-based platform designed to allow shippers, freight managers and/or logistics professionals to access carrier direct rates. A freight marketplace may also aide in introducing shippers to new carriers outside of their current network, helping to make sure they always have numerous options to cover their loads.