Even with tight capacity and spiking tender rejection rates, shippers still need competitive rates with carriers they can rely on. Integrating API-enabled dynamic freight pricing and order booking tools into your TMS is a direct way to ensure you’re always able to find and choose the best-vetted carrier to move your freight – regardless of market conditions.
1. Secure flexible, reliable capacity
2. Lower freight costs
Shippers can also use dynamic freight pricing to compare carrier rates with average lane rates and assess how competitive a rate is for a specific load and lane — maximizing their cost savings over time. By bridging the gap between static database information and real-time market insight, you can gain more transparency into your transportation costs, optimize mode selection, and eliminate other inefficiencies.
3. Save time and improve service
Some companies waste time unnecessarily waiting around for backup carriers or brokers to get back to them when their primary carrier rejects a load. If you want to avoid service delays, high tender rejection rates, and costly same-day/next-day expedites, dynamic freight pricing that is integrated into your TMS will help guarantee coverage while also helping you better meet service requirements.
Dynamic Freight Pricing Meets Industry-Leading Technology
Traditional routing guides often offer outdated information that fails to reflect important shifts in key market variables, which leads to late pickups, higher than necessary logistics costs, and missed deliveries. With Loadsmart and MercuryGate’s digital freight TMS Integration, shippers can leverage the benefits of short-term access to capacity and competitive rates, as well as the strategic insights that come with market data.