News: Loadsmart now provides shippers with instant pricing via Microsoft Excel and Google Sheets

Today we released our Simple Quote add-on for Google Sheets and Microsoft Excel. The integrations provide shippers the ability to price and book truckload shipments in seconds directly from within a spreadsheet — without the need for a transportation management system (TMS).

While we already provide instant truckload rates inside most major TMSs, enabling Fortune 500 companies to book a truckload in seconds, we are now the first provider to level the playing field for smaller shippers with the new integrations.  

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Loadsmart completes first-ever automated dispatch and delivery with Starsky Robotics’ autonomous truck

The announcement marks the first time an autonomous company and a digital broker have collaborated to price, book and deliver a shipment without any human involvement.

Together with Starsky Robotics were able to automatically dispatch an autonomous truck to haul freight; having successfully priced, tendered and booked via Loadsmart and then picked up and delivered the shipment using Starsky’s self-driving technology. The integration of Loadsmart’s AI-powered pricing and load matching technology with Starsky’s API meant no human intervention was required. The historic initiative is part of a larger strategic partnership which paves the way for the future of trucking: digital brokerages dispatching freight to autonomous trucks without human involvement.

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NEWS: Loadsmart and One Network Partner to Create a Seamless and Automated Freight Brokering Experience

To help organizations optimize their freight booking processes, we entered into a strategic partnership with One Network Enterprises, a leader in supply chain network technology. Our joint solution connects Loadsmart’s instant pricing and transportation capacity from the Loadsmart carrier network with One Network’s market-leading SaaS platform, a disruptive artificial intelligence-based technology which enables autonomous supply chain management solutions. As a result of our partnership, shippers can leverage technology in order to reduce friction and create value in the freight market. 

According to Silpa Paul, team lead of Commercial Vehicle Research and Consulting at Frost & Sullivan, “While the trucking industry is in a phase of digital transformation with connected devices bringing greater visibility and transparency across the supply chain the brokerage process, until recently, has struggled to digitalize.”

Recognizing this challenge, and the potential of leveraging artificial intelligence, we forged this collaboration in order to automate the pricing and booking of freight for more than 75,000 participating organizations who rely on One Network to optimize and operate their supply chain. 

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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.