Benefits of Digital Freight Matching
In the shipping industry, freight matching is a common practice which is defined as the process through which consignees are paired to the flight carriers by the use of truckload boards. 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. Companies or independent owners can carry out the freight matching using the load boards. The available space will be communicated in advance to the potential customers including the destination of the given consignment. 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 innovations that have come by, freight matching has greatly being fostered through innovation such that there are software used. 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. Digital freight matching has reduced the time that was being used when working with the traditional freight brokers. Instant proof of delivery of the consignment, GPS tracking in the real time as well as automated invoicing and payment are some of the advancements that have been achieved through digital freight matching. Digital freight matching has done a tremendous change in minimizing traffic by the trucks as well as reducing pollution. Pollution and traffic has been reduced through the reduction in the number of empty backhauls as well as consolidating several shipments into one.
Truck owners require finances upon delivery hence freight factoring plays the role. Freight invoice factoring can therefore be describes as where owners and truck operators receive payment as soon as they deliver consignments to their recipients. Once the consignment has delivered, the owner or operator of truck need to submit the freight bill together with proof of delivery to the freight factoring company. Once a factor in the freight factoring company verifies the freight bill submitted, one is able to receive the amount indicated. A small service fee is usually charged by the freight delivery company so the owner or truck operators will receive their money less the service fee. 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.