Enhanced spot quotation
27 October 2023
PLATFORM INNOVATIONS that enhance its spot quotation, contract rate benchmarking and freight audit capabilities, have been unveiled by Transporeon.
With a network of 1,400+ shippers and retailers and 150,000+ carriers and logistics service providers, Transporeon’s Transportation Management Platform (TMP) is said to provide equal benefits to shippers and carriers.
Price negotiations remain opaque and manual in the growing freight spot market. Freight forwarders, brokers and LSPs spend considerable time manually researching and building quotes.
Transporeon’s Autonomous Quotation tackles this challenge by enabling brokers and LSPs to prioritise incoming transport requests and automatically serve customers with instant, accurate pricing for truckload spot transports based on predicted market rates.
Autonomous Quotation generates quotes based on companies’ individual quotation strategies. Users can define their own tactics based on criteria including margin requirements, equipment type, distance, stop location and pick-up and delivery windows. The module is based on a customised trained prediction model and is backed by data science and machine learning algorithms.
For more information, visit www.transporeon.com