Benefits of Digital Freight Matching
Freight matching is defined as the process in which consignees are paired to the flight carriers by the use of truckload boards. Freight matching is done for the purposes of filling all the available space to avoid situations where a consignment may travel long distances when empty leading to losses. The load boards can be operated by either companies or even independent owners who operate it. Potential customers usually receive information to space available in a given truck and the destination of the consignments so that they can decide on whether to take up the space if it suits their needs. Load boards are used by the potential customers to check on the requirements that have to be met for shipping so that they can then be matched with the available truck to the given destination. Experience is very important to operate the load boards effectively and ensure that it is productive.
With innovations that have come by, freight matching has greatly being fostered through innovation such that there are software used. Digital freight matching has been rolled out which uses platforms in the web to connect individuals and companies who are shipping to the trucking capacity that is available. When working with the traditional freight brokers, it was not easy since freight matching would take a lot of time but this has become a narrative with the development of digital freight matching. Instant proof of delivery of the consignment, GPS tracking in the real time as well as automated invoicing and payment are some of the advancements that have been achieved through digital freight matching. Digital freight matching has done a tremendous change in minimizing traffic by the trucks as well as reducing pollution. This is done through reduction in the number of empty backhauls as well as consolidating several shipments into one.
Freight factoring is an important component in the shipment industry. Freight invoice factoring can therefore be describes as where owners and truck operators receive payment as soon as they deliver consignments to their recipients. The owner or the operator of the trucks needs to submit a freight invoice to the freight factoring company together with a proof that the consignment has been delivered. Verification of the freight bill is then done to ensure that it is corrected where one will receive payments as indicated on the invoice. Freight factoring companies also need to pay themselves hence they charge a service fee from the total freight invoice before making payments to the truck owners or operators. Once they pay, they usually wait for the customers to pay for the freight of their consignments. These companies have helped many individuals save of time before they receive their payments after delivery of goods.