We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » With Loadsmart’s Reliable Contracts, Shippers Save Up to 10% Receiving 100% Tender Acceptance
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

With Loadsmart’s Reliable Contracts, Shippers Save Up to 10% Receiving 100% Tender Acceptance

With Loadsmart’s Reliable Contracts, Shippers Save Up to 10% Receiving 100% Tender Acceptance
August 18, 2022
No Comments

Loadsmart, a leading freight technology company, today announced that enterprise shippers are averaging 10-20% in cost savings since Q4 of 2021 through the use of the company’s dynamic contract solution, Reliable Contracts.

This solution is ideal for shippers planning their contract spend for the upcoming year who are exposed to locking in above-market rates given that the market is expected to soften over the next six to nine months. Loadsmart’s Reliable Contracts allows shippers to enter into contracts that provide flexibility to ride the market down to cheaper rates in a soft market, while maintaining 100% primary tender acceptance (PTA) in any market condition - all while avoiding the spot market and constant re-bids. Powered by complete rate transparency and an incentivized margin structure, Reliable Contracts gives shippers the ability to better prepare for market uncertainty.

“Loadsmart’s Reliable Contracts allows us to take our difficult-to-contract lanes and have guaranteed capacity,” said Matt Jolles, Full Truckload Manager at Stanley Black & Decker, one of the world’s largest tool and storage companies. “With how lean we operate, Reliable Contracts helps keep shipments off the spot board where there’s so much variability on what you’ll see day-to-day. We are happy to say that the solution provides our team with 100% tender acceptance and 100% on-time pickup.”

This solution also solves one of the biggest concerns that many customers voice about a dynamic pricing contract model: the potential back-office hassle of manually adjusting contract rates after they've been tendered. Within the coming months, Loadsmart’s Reliable Contracts will also be available to shippers using Blue Yonder’s Dynamic Price Discovery API via TMS integration so that tendered Reliable Contract loads will be adjusted automatically and shippers like Stanley Black & Decker will have full transparency into Loadsmart's margins and purchasing power for every load.

“Unlike existing floating contract solutions, Reliable Contracts contains a fully transparent margin incentive structure to ensure Loadsmart always pursues the lowest costs available,” said Jon Payne, Director of Pricing Strategy & Analytics, Loadsmart. “If a dynamic pricing contract is the answer, shippers and carriers need aligned incentives and full transparency. One hundred percent PTA isn’t enough.”
Traditionally, when costs go up within a volatile market, digital freight brokers make more money when shippers have to pay more. With Reliable Contracts, Loadsmart only gains a larger margin when shippers pay less, due to a built-in margin incentive structure.

To learn more about Reliable Contracts and Loadsmart’s solutions for a soft market click here.

https://loadsmart.com/shipper/
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Technology Supply Chain Services
KEYWORDS Loadsmart
    • Related Articles

      Transfix Launches TrueView TMS, Offering Shippers Flexible, Consistent Capacity And Reducing Time To Tender By Up To 92%

      Cloud Logistics Partners With Truckstop.com to Help Shippers Tender Loads in Real-Time

      Shippers show "grudging acceptance" of truck rate hikes

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Union Pacific agrees to provide more predictable schedules for union rail workers

    • Schneider National opens innovation center at Wisconsin headquarters

    • DHL Supply Chain will expand Locus Robotics fleet to 5,000 AMRs

    • Parcel carriers, shippers steer into choppy waters as a perfect storm of challenges approaches

    • Trucking companies face “modestly unfavorable” outlook heading into 2024

    Now Playing on DCV-TV

    B0d646ac 1d71 44f7 9c47 80a0858638b7

    Improve Overhead Access with Custom VRCs

    DCV-TV 4: Viewer Contributed
    Tackling high-reach storage challenges is easy with Autoquip Lifts. We offer a wide variety of design features for Vertical Reciprocating Conveyors, or VRCs, to safely transfer materials from multiple levels based on the client’s specific needs. Don’t know where to start? We can create the perfect hydraulic or...

    FEATURED WHITE PAPERS

    • How to Use Economic Uncertainty to Gain Competitive Ground with Automation

    • Exploring Customized Forklift Solutions

    • Exploring the Future of Labor Management With Capacity Planning

    • Three layers of forklift safety: Promoting operating best practices

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing