Transportation and Rating Bidding Software |
FREDi is our Transportation and Rating Bidding software. New bids are based on lane specific traffic summaries generated from historical data and constructed to focus on your specific shipping needs. You choose the specific lanes you want to bid, the mode you want used and the way you want your bid submittals to be structured. Bid packages are sent to the carriers you select via email. Carriers will then input their rates and complete their bids according to the guidelines you have specified.
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| Some of the advantages of FREDi are |
- FREDi’s automated bidding process significantly reduces administrative costs
- Providing carriers with an organized traffic record encourages the most competitive pricing in your lanes
- Allowing carriers to bid in their preferred tariffs and formats enables them to bid aggressively as they see opportunities for savings in their own network operations.
- Lanes can be defined by origin and/or destination zip, city or state – in any combination
- Carriers can easily spot backhaul and other traffic-flow opportunities, which naturally engender the most competitive rate quotes
- FREDi’s powerful rate-evaluation engine has the capability to compare carrier rates head-to-head, apples-to-apples, regardless of the format. City to city flat rate vs. state to state per mile; 35% discount off one tariff vs. 40% with a FAK off another.
- FREDi’s carrier bid ranking report encourages re-bids to be submitted at their absolute best rates
- All results are factual and verifiable
- Better rates in place faster means you realize the savings that much sooner
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| Reports and Data Analysis |
- Accurately set shipping budgets based on actual rates carriers have agreed to
- Identify lanes with excessive minimums or deficit weight shipments requiring modifications to load planning or packaging to increase savings
- Examine traffic on Truckload lanes alongside LTL traffic and identify opportunities to combine those loads into multi-stop truckloads
- Evaluate shipping frequency to customers and identify consolidation opportunities
- Analyze costs associated with seasonal shipping variables and develop capacity focused quotes to guarantee equipment availability and stable rates
- Provide accurate cost forecasts to service new customers
- Compare cost variations to move inbound freight from proposed new supplier locations
- Provide accurate transportation costs to support network re-design and planning forecasts
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