What is Digital Freight Matching (DFM)?
Predictive digital freight matching offers capabilities beyond a traditional load board, freight marketplace, or antiquated load match software.
Difference Between a Load Board and Digital Freight Matching
Freight matching platforms rely on automation to execute load matches. A load board depends on brokers, 3PLs, or shippers seeking carriers to use their resources to connect with a driver and their transportation capacity.
Automated freight matching pairs a freight load’s unique characteristics (origin and destination, pickup/drop off schedule, type of cargo, weight, etc.) with trucks that meet requirements.
What is a Digital Freight Network?
A digital freight network is an internet-based freight marketplace. A Digital Freight Marketplace connects shippers or digital freight brokers with carriers to load match freight shipments with available transportation capacity. Digital freight networks offer a transactional alternative to contract transportation procurement for shippers seeking carriers.
What is Digital Freight?
Digital freight describes the execution of a shipment by a digital freight broker, often using technology to automate the manual tendering, booking, and shipment execution processes.
What is a Digital Freight Broker?
A digital freight broker can be a traditional freight broker or third-party logistics provider (3PL) with a brokerage operation. Digital freight brokers connect shippers with truck drivers. An application programming interface (API) accelerates digital freight brokers’ ability to connect a freight shipment with the appropriate capacity.
List of Digital Freight Brokers
Access a list of digital freight brokers participating in an extensive freight matching network. Find a partner in the digital freight matching category of transportation technology partners.
Leading digital freight companies include Amazon Freight, Banyan Technology, C.H. Robinson, Convoy, Emerge, Loadsmart, Redwood Logistics, Surge Transportation, and Uber Freight.
Benefits of Digital Freight Matching in a Digital Freight Network
- Access multiple modes – parcel, LTL, partial truckload, truckload, intermodal, and final mile.
- Book loads immediately, dynamically priced based on market conditions.
- Increase in-house fleet size with selective outsourcing to other carriers.
- Tender fewer loads in the spot market by consolidating and maximizing unused capacity already under contracted capacity.
- Grow your company with scalability by relying on expanding networks that offer diverse freight and the specific equipment needed to move it.
- Improve collaboration by using increased data access to manage assets within active, profitable lanes and delivering a real-time response to bids.
How MercuryGate Helps You Streamline Your DFM
MercuryGate has the industry’s largest digital freight marketplace, comprised of shippers, carriers, brokers, and 3PLs. The range of this network provides nearly unlimited access to capacity and helps MercuryGate users achieve on-time service goals when there is a capacity shortage.
MercuryGate connects your transportation management system with our network of digital freight partners. Seamless integrations allow shippers, brokers, 3PLs, and carriers to share data securely across systems. This enables APIs and automated protocols within the TMS to follow a sequential tendering process that finds capacity and executes each shipment. With more loads booked autonomously, shippers and logistics services providers move more loads cost-effectively in an extended market.
By providing visibility into capacity with guaranteed rates, MercuryGate’s Digital Freight Marketplace offers users extensive options for finding capacity at competitive costs so they can keep products moving and trucks full. Further, our Digital Freight Marketplace solution uses embedded analytics that delivers the critical information and insight needed to make the right procurement decision based on MercuryGate’s extensive $100 billion freight network.