The third party logistics company and truck brokerage Transplace on Tuesday released its Freight Allocation Module 2.0, a Web-based application that optimizes transportation by allowing shippers to auction freight with approved carrier partners.
FAM 2.0 offers authorized carrier companies improved visual presentation of available freight along with spot rate quotations in real time and is an application within Transplace’s transportation management system (TMS). The application is designed to give carriers instant visibility to freight, allowing them real-time access and communication to bid on loads.
Transplace President George Abernathy said the module allows his company’s customers to identify capacity with their preferred transportation partners and determine the lowest cost per load and per lane.
FAM 2.0 provides greater flexibility in establishing how the freight is presented to authorized carriers, and the amount of visibility they have into the progress of the auction. Authorized carriers may offer capacity for each load based on rates already established or based on shipper-established parameters. FAM 2.0 can also support a public exchange environment to secure capacity and rates in a backhaul, capacity-constraint market. - Eric Johnson