Freight Rates & TMS Opportunities
In today’s supply chain, the most significant cost factor for shippers is per load freight rates. This fact is evident from the sheer volume of daily load postings on load boards.
Let’s highlight some indisputable facts:
1. A whopping 98% of major shippers utilize a Transportation Management System (TMS) to move an estimated 5 million+ daily loads.
2. These TMS systems either directly collect rate data from load boards or depend on their network of brokers to provide rates for daily loads.
3. Cost and complexity make it unlikely that shippers will change TMS providers - unless a competitor offers superior services focused on cutting costs and improving transparency.