It has been more than a decade since the transportation industry is highly relying on the mobile freight marketplace. It has become a big help amongst all the companies that have participated in open freight market to make instant connection to each other through the web. Open freight market is mostly about freight loads covered by freight carriers but it is not under a long term contract. It’s basically the biggest segment of truck load freight industry and with 80 percent of the trucking companies with less than 20 trucks, open freight market is for sure here to stay.
But before the existence of freight load boards, freight brokers working for shippers or the shippers themselves need to directly call the freight carriers in person to be able to source the available truck capacity in hauling the freight loads. As for the value of freight broker to shipper, it’s the relationship with certified quality carriers and at the same time, on how fast they’ll be able to source the available carriers to haul the loads.
The proliferation of the freight load boards was all because to the constant improvement of fast internet connection. As a matter of fact, websites of freight load boards are designed in a way that the published info regarding the open market freight loads are easily seen. They have made it possible for the freight broker in publishing info about the open market freight loads. Simply by publishing info regarding the loads they can carry, freight brokers were able to reach wider audience.
A minimum distance of around 500 miles or even more is what most these loads can cover. As for the load sizes, it can be an FTL or Full Truck Load or LTL meaning Less Than Truckload. Here, it can be a standard freight that can be loaded into a standard 53 feet freight or van trailer which may sometimes demand special equipment such as flatbed, drop deck, curtain side, refrigerated, bulk hopper or other trailers that is made only for that cargo that should be hauled. The freight load board is intentionally made in a manner that it allows carriers to filter their search based on distance, freight type and location.
The time when mobile freight marketplace came into existence, there is no doubt that it is a big breakthrough in the freight industry. It made communication faster and seamless. On the other hand, as a result of the fast and continuous innovation in internet technology for the past several years, many freight load boards fail to keep up with it. This is why most of these websites even the premium ones still look the same. But this shouldn’t be a problem so long as it meets its purpose.