Promoting Fast Shipping of Consignments
In the shipping industry, freight matching is a common practice which is defined as the process through which consignees are paired to the flight carriers by the use of truckload boards. The main reason why freight matching is done is to ensure that all the available space in the trucks has been filled up to prevent losses that may arise as a result of the consignment travelling over a long distance when empty. Load boards are highly suited for freight matching and can either be operated by companies or even independent owners. 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. There is a given level of expertise needed so as to operate the load boards effectively and it maybe 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 developed with the growing innovation in the shipping industry and it uses platforms in the web to connect individuals and companies who are shipping to the trucking capacity that is available. Digital freight matching has reduced the time that was being used when working with the traditional freight brokers. Some of the components of the digital freight matching include the instant proof of delivery of the consignment, GPS tracking in the real time as well as automated invoicing and payment. The major benefits that have been achieved through the digital freight matching are the reduction of traffic from the trucks as well as lowering the rate of 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. This is where the owners and operators of the trucking companies are able to receive payments for shipping commodities to the respective owner. One needs to submit the freight bill to a factoring company as well as a proof of delivery of the consignments either via emails, fax or any other fast means. Verification of the freight bill is then done to ensure that it is corrected where one will receive payments as indicated on the invoice. A small service fee is usually charged by the freight delivery company so the owner or truck operators will receive their money less the service fee. The factoring company usually waits for the customer to pay so that they can collect the invoice payments from them. The companies help truck owners and operators run their activities smoothly with minimal financial challenges.