How We Help Our Clients Reduce Spot Market Exposure by 50%

On May 15, 2018, we wrote about the first fully automated intelligent routing guide with dynamic rates in the US. That powerful tool enables shippers to automatically book a truck before the shipment turns into a spot load and has reduced spot volume for Fortune500 Shippers by as much as 50 percent. Loadsmart accepts 100 percent of tenders received from the dynamic routing guide, guaranteeing capacity. This feature helps shippers avoid the same-day/next-day markets, which are known for steep prices and service failures. Given the huge interest and questions we got from the logistics community, we decided to expand and explain the reasoning behind it and how it actually works in a granular way.

At Loadsmart, our mission is to do more with less. That’s why we innovated with a major customer to help them drive down their spot market exposure by 50 percent. We worked with our customer to help them do more with less by pushing market-based truckload rates into their TMS for every load that goes through their routing guide. Simply put, we do three things:

  • Provide real-time pricing on every load in the routing guide via API;
  • Auto-accept every tender we receive;
  • Guarantee capacity for all of those auto-accepted tenders.

This explains how we went from participating in a daily spot auction via email to a full-fledged integration with our customer to reduce spot volume.

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Human Trafficking Tipline: New Mobile App Feature

As part of Loadsmart’s recent efforts to help end human trafficking, we’ve just launched a new feature for our truck driver mobile app that allows users to instantly connect with The National Human Trafficking Hotline to quickly provide tips, seek services, request help, or alert authorities—all without leaving our app.

“This is too big of an issue to ignore, and an important investment that we’re making as a company and as people,” explains co-founder and Chief Product Officer Felipe Capella.

Not just about “doing good” or “giving back,” the trucking industry is very much on the frontline in the fight against human trafficking, having become one of the larger demographics of callers to the hotline in recent years.

To learn more about how Loadsmart is working to help break the cycle of sex trafficking, check out our previous post or email us.

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The new Human Trafficking Tipline feature added to Loadsmart’s Driver app.