If You Think You Understand Logistics, Then This Might Change Your Mind
The process through which consignees are paired to the flight carriers by the use of truckload boards is known as freight matching. Shipping companies do the freight matching to be able to minimize losses that may arise when a consignments travels for a long distance without having been filled to capacity. The load boards can be operated by either companies or even independent owners who operate it. Space available in any given truck is announced to potential customers including the destination of the consignment so that they can decide on whether to bid for it or not. With the use of the load boards, the potential customers can use it to determine the requirements put in place for the shipping and try to meet them and then it will be matched with the available trucks and destination. Experience is very important to operate the load boards effectively and ensure that it is productive.
With the increase in innovation on a daily basis, freight matching has greatly been revolutionized and can be done online using different software. Digital freight matching has been rolled out which uses platforms in the web to connect individuals and companies who are shipping to the trucking capacity that is available. When working with the traditional freight brokers, it was not easy since freight matching would take a lot of time but this has become a narrative with the development of digital freight matching. Some of the components of the digital freight matching include the instant proof of delivery of the consignment, GPS tracking in the real time as well as automated invoicing and payment. The major benefits that have been achieved through the digital freight matching are the reduction of traffic from the trucks as well as lowering the rate of pollution. With reduced number of backhauls and consolidation of various shipments, traffic and pollution has been greatly reducing.
Truck owners require finances upon delivery hence freight factoring plays the role. This is where the owners and operators of the trucking companies are able to receive payments for shipping commodities to the respective owner. One needs to submit the freight bill to a factoring company as well as a proof of delivery of the consignments either via emails, fax or any other fast means. Once a factor in the freight factoring company verifies the freight bill submitted, one is able to receive the amount indicated. The company usually charges a given percentage of the total freight involve where one will receive the amount in invoice less the charges. Once they pay, they usually wait for the customers to pay for the freight of their consignments. These companies have helped many individuals save of time before they receive their payments after delivery of goods.
