Freight Software

IoT, LTL Freight, analytics, artificial intelligence

LTL carriers provide services for shipments that are too large to be sent as parcel but too small to fill an entire truckload, thus making it a complex shipping method. Less-than-Truckload might not be as widely used as Full Truckload, but it remains as one of the intrinsic option in the array of freight services. The LTL freight rate is complicated and driven by many variables, some internal variables like – shipment weight, density, NMFC classification, distance, base rates, FAK, accessorials etc. and some external variables like – route optimization, Fuel charges, labor and evolving government policies like ELD Mandates etc, making it only harder to keep the margins competitive.

In the face of growing competition in marketplace the carriers are turning to the last mile delivery market, which ensures influx of business but the expectations of end-users to receive the shipment in time, without damage and with no extra cost can become quite daunting challenge in itself.

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Getting real about ELD Mandate

ELD Mandate 3 month grace period is over and on April 1st of 2018, Phase 2 has been commissioned. Here are some of the frequently asked questions around ELD that DreamOrbit has tried to answer. DreamOrbit is a solution development service company, where a team of 301 members are dedicated to digitizing, connecting and transforming the world’s many Logistics and Freight technologies.

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Changing Freight software selection parameters are indicating new Logistics trends

Freight software

While the “Digitization wave” for freight software seems to be riding the immediate benefits of improved efficiency for logistics companies, it is much more than that. Digitization of freight software is going to have its long lasting impact on logistics industry due to which industry leaders are acknowledging its relevance in current times. We can safely say that while Digitization can be the path or tool with the help of which logistics industry is gearing up to become more future-ready, the real objective is far different. It is more about developing freight software which can be the foundation of a more customer centric future. In other words, it is not only about being future-ready, it is about creating a user centric future.

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How Freight Tracking Software adds value to your business

Freight Tracking software

Freight tracking software or vehicle tracking software is one of those prime telematics services which help the shippers to have a better control over the dynamic side of the supply chain. The rise in the usage of satellite & cellular communication enabled cargo loading units in the form of containers and trailers supplements the fact that the transporters want to avail complete visibility in the freight transportation. It should be noted that the inclination towards freight tracking software is not restricted to a particular mode of transportation. Air, Rail, Ocean cargo containers and intermodal cargo containers are racing towards a completely connected freight transportation future at the same pace. By the end of 2014, there were 0.43 million Unit Load Devices (ULDs) which have helped the freight tracking software to monitor the same number of cargo containers via cellular or satellite communication. One can get a better idea about the relevance of freight tracking software with the rise of ULDs since 2014. By the end of 2019, these devices are predicted to clock a compound annual growth rate of staggering 28.5%. This means that by the end of 2019, there will be approximately 1.5 million ULD devices which will be supporting the freight tracking software in monitoring and tracking functions with the help of cellular and satellite communication.

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How freight software benefits from E-invoicing

Freight Software

Freight software is revolutionizing faster than ever before. With optimistic projections for freight market in the coming years, logistics and transportation company owners are also looking out for more innovative and efficient freight software to become competitive. But, is investing in a new technology is the only way to improve the efficiency of freight company? Maybe there are few small steps which can make a huge difference in freight company productivity. More often than not, we tend to overlook these small initiatives which can create a big difference in the overall productivity of freight software of the company without any huge investment.

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Top regulations which are going to affect freight broker software solutions in 2017

Freight brokers need to work in challenging environment. Right from winning the confidence of the shippers to providing carriers profitable deal every time, they need to prove their utility for the system. Since there are often voices from disgruntled shippers who really want to eliminate the middleman role of the freight brokers and work directly with the carriers. This may seem easy as you read it but works in a far more complicated way in the real scenario. Scheduling, fixing the spot rates and understanding the right carrier to transfer a shipment are the most basic traits that the freight broker needs to master. To achieve this, getting some help from technology never hurts which comes in the form of freight broker software. These freight broker software also evolve with the changing needs of the industry and also have to incorporate the new regulations proposed by the authorities to ensure safe transportation. We are discussing the major regulations of 2017 which are going to have an impact on freight broker software in the future.

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Freight software solutions evolving with new business models for better future

E-commerce is booming, but specifically, which segment is the biggest driving force behind this growth? Is it B2B or B2C? We tend to find an answer in B2C segment owing to the astronomical evaluations of B2C e-commerce giants such as Amazon, Alibaba and other A-list companies. And thus it may be obvious to conclude that B2C segment is affecting the freight industry and its freight software solution trends more decisively than any other segment. But the reality needs us to dig a little deeper. The B2B segment is all set to reach a staggering figure of $ 6.7 trillion by 2020. This will be counted as 27% of the global manufacturing trade. Hence, the impact of freight software solution trends and changes from the B2B market is as high on global freight industry.

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Major changes freight broker software will be focusing in 2017

When transporters realized that they are wasting $26 bn every year on idle trucks, they were awakened by the need of freight broker software and its importance for business. The resources wasted on the idle trucks can be utilized in a far better way by proper utilization of the transportation resource. Freight broker software is aimed at solving this problem. Freight broker software is essentially a load and carrier matching software which helps in faster shipping of freight and lower idle time for the carriers. Both the outcomes are super beneficial for the transporters who are looking to gain maximum ROI from their fleet.   

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Most interesting trends by freight management software in 2017

With a strong wave of rebalancing triggering the freight growth in 2017, things are looking optimistic for freight business. We are looking forward to a socio-political situation which is inclined to increase the investment in the infrastructure with decisive policies in the pipeline with NAFTA. Regulatory steps such as ELD mandate are going to be in practice from 2017. Freight management software, which is majorly developed to utilize and fix the spot rates to transport the freight as fast as possible are predicted to see a contrasting picture in terms of shipping rates and overall spot rates in 2017.

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Most essential parameters obtained from freight brokering software helping Freight Brokers

Most essential parameters obtained from freight brokering software

We are discussing here the key parameters which helps the freight brokers to be always at the top of their game. We have heard a lot about the growing inclination of the industry towards the adoption of software solutions for business. It is time to introspect the actual value added by the freight brokering software solutions in the business.  

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