UShip Launches LTL Spot Rate Marketplace with 16 National, Regional LTL Carriers
January 21, 2014 - Products
Online freight marketplace uShip announced 16 asset-based LTL carriers, including national carriers R&L Carriers and Roadrunner Transportation Systems and a host of regional carriers such as Averitt Express, Pitt Ohio, and Midwest Motor Express, have committed to uShip’s LTL spot rate marketplace.
The new service lets carriers publish real-time, dynamically-priced rates to – and work directly with – small to midsize shippers posting freight to the uShip freight marketplace, ultimately helping LTL carriers optimize their highest yield profit segment.
Rounding out the list of LTL carriers that have committed include AMA Transportation, American West Transport, Atlas Motor Express, Benton Global, Daylight Transport, East/West, Frontline Freight, NTC (Nebraska Transport Company), Pilot Freight Services, SHIFT Freight and Southwest Motor Transport Inc.
Today, uShip has thousands of business shipments available to carriers through 250,000 registered business shippers that represent more than 35 percent of the total shipping volume processed through its site. The LTL spot market platform underscores uShip’s push into instantly-bookable, non-auction-based shipments as part of its ongoing commercial freight expansion.
“For millions of small to midsize shippers not under a freight contract, uShip’s marketplace provides direct carrier access, instant capacity and transparent, competitive pricing from top service providers,” said Bramlett.
How It Works
When shippers post palletized LTL freight on uShip.com, LTL carriers’ dynamically-priced offers are shown, driven from their pricing engines. LTL freight shippers then evaluate those instant upfront rates and decide whether to book one or post to uShip’s open marketplace for more quotes. In order for rates to match the reality of the shipment, carriers set pre-defined parameters, including specific lanes, freight type, restrictions, pickup/drop conditions (dock, forklift, etc.), and seasonal pricing.