What Is a Digital Freight Network?

What Is a Digital Freight Network?

Freight capacity procurement and management looks vastly different than it did a decade ago thanks to the benefits of a digital freight network. 

In the simplest of terms, this modern network is an expansive and fully connected system that uses automation, technology, machine learning, virtual tools, data analysis, and other software. 

The goal of a Digital Freight Marketplace is to efficiently connect shippers and carriers to meet the ever-changing wants and needs of consumers today. 

Where Traditional Freight Management Falls Short

The digital freight network has made it possible to overcome a fundamental problem with traditional methodology. 

According to Uber, 20% to 35% of the estimated 175 billion miles trucks drive each year are likely empty. At the same time, drivers can spend hours waiting at docks and delivery destinations due to poor appointment scheduling. This waste drives costs higher for carriers, which means the added expenses get passed onto the shippers and, ultimately, to the consumer. 

Of all the problems in trucking, poor scheduling and route management remains one of the biggest problems that traditional freight management can cause. Making the shift to digital freight network designs and implementations can save time and money from end-to-end. 

It can also go a long way to fix the problems traditional methods can cause with freight market volatility.

Benefits of a Digital Freight Network and its Impact on the Modern-Day Supply Chain

Utilizing a more modern, streamlined, innovative, and data-driven approach to supply chain management can bring many impactful advantages to the network. Some of the best benefits include:

Calculate your potential Saving While Using an enterprise TMS

What Does a Digital Freight Network Include

Several critical components need to be present and accounted for in the modern supply chain. The following elements are non-negotiable for a successful digital freight network.

The digital network enables logistics managers and drivers to meet the growing needs and demands of an e-commerce driven freight market.

Establish Strong Digital Freight Networks With the Right Automation and Capabilities in Your TMS

Many shippers and carriers are slow to embrace modern processes of the digital freight network, clinging instead to traditional methods. Such reluctance can lead to several shortcomings, the most damaging being the inability to use real-time data tracking and analysis. 

Growth and survival in today’s competitive market require the complete onboarding of new and innovative processes within the supply chain network. 

Building a solid freight network that takes full advantage of today’s tools and technology requires a TMS setup focused on digital techniques and innovations.

MercuryGate’s Digital Freight Marketplace makes navigating complicated digital freight networks BASIC. Download this infographic to see how, and click the link below to see a demo of our Digital Freight Marketplace.

See how Digital Freight Marketplace streamlines capacity management.

Phil Melton

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