Shippers save 10-20%, get 100% bid acceptance with Loadsmart’s reliable contracts
Loadsmart’s dynamic contracting solution, Reliable Contracts, lowers costs and secures capacity for shippers like Stanley Black & Decker during market uncertainty
load smarta leading freight technology company, today announced that enterprise shippers are realizing an average of 10-20% savings since the fourth quarter of 2021 through the use of the company, Reliable contracts.
This solution is ideal for shippers who are planning their contract spend for the coming year and who are exposed to above market rates as the market is expected to soften over the next six to nine months. Loadsmart’s Reliable Contracts allow shippers to enter into contracts that provide the flexibility to drive down the market at cheaper rates in a weak market, while maintaining 100% Primary Tender Acceptance (PTA) in any market condition – while avoiding the spot market and constant return. auction. Powered by full rate transparency and an incentive margin structure, Reliable Contracts gives shippers the ability to better prepare for market uncertainty.
This solution also solves one of the biggest concerns that many customers have about a dynamic pricing contract model: the potential back-office hassle of manually adjusting contract prices after they have been submitted. In the coming months, Loadsmart’s reliable contracts will also be available to shippers using blue over thereit is Dynamic Price Discovery API through TMS integration so tendered Reliable Contract loads are adjusted automatically and shippers like Stanley Black & Decker have full transparency on Loadsmart’s margins and buying power for each load.
Traditionally, when costs rise in a volatile market, digital freight brokers make more money when shippers have to pay more. With Reliable Contracts, Loadsmart only earns a higher margin when shippers pay less, due to a built-in margin incentive structure.