Forwarders slow to respond to online rate requests

Research from software provider Freightos found top global forwarders took an average of 90 hours to respond to online quote requests.

Forwarders slow to respond to online rate requests

Research from software provider Freightos found top global forwarders took an average of 90 hours to respond to online quote requests.

Forwarders slow to respond to online rate requests

Research from software provider Freightos found top global forwarders took an average of 90 hours to respond to online quote requests.

 
The freight rate management software provider Freightos said Thursday research it conducted around rate quoting speed and responsiveness found that new shippers face an average wait of 90 hours to get a less-than-containerload freight quote for a shipment from China.
    The research examined how top global forwarders handle online requests for quotes.
    “Of the 16 forwarders that quotes were requested from, 75 percent of the forwarders did not automatically confirm receiving the request,” Freightos said. “Three of the 16 forwarders never ended up responding to the initial quote, instantly losing out on the sale.”
    Five forwarders who provided quotes required multiple conversations to clarify details, citing a lack of sufficient information requested in the initial quote request, while the fastest confirmation took seven hours.
    Freightos said only 45 percent of forwarders ultimately provided a quote, with the most prompt response taking 30 hours and the slowest quote taking 840 hours. Only five companies followed up after providing the quote in order to attempt to secure the business.
   "Consumers start nearly every purchase with an online search,” said Freightos Chief Executive Officer Zvi Schreiber. “This behavior is increasingly taking place at the workplace as well, with more and more shippers looking for online freight services. Our research found that while the industry is aware of the incredible potential for online sales, most top forwarders have yet to take advantage of this channel. Instead, most provide a subpar online customer experience with slow, manual freight pricing and quoting.”
    The research is part of a broader white paper from Freightos on the state of online logistics sales.
There's clearly bipartisan support to modernize and revitalize our infrastructure, so now we're calling on Congress to act.

U.S. pork exports totaled $6.39 billion in 2018, down 1 percent from 2017, while U.S. beef exports totaled $8.33 billion in 2018, up 15 percent, according to USMEF.

Most Popular
Latest News
Social Media

Loading...

House votes in favor of TPA, but rejects TAA

House votes in favor of TPA, but rejects TAA

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Forwarders slow to respond to online rate requests

Research from software provider Freightos found top global forwarders took an average of 90 hours to respond to online quote requests.

on Jun 11, 2015AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Forwarders slow to respond to online rate requests

Research from software provider Freightos found top global forwarders took an average of 90 hours to respond to online quote requests.

on Jun 11, 2015AmericanShipper.com