The Value of Load Broker Software

Written by Economic Development Jobs on April 16, 2018. Posted in Edi 990, Ltl tms, Transportation management software

The recent expansion in technology has brought about incredibly favorable changes across the world of business. For the most part, technology has made things much easier for all kinds of businesses. For instance, the value of load broker software is insurmountable because it helps all shipping companies stay organized.

The term less-than-truckload has been shortened into LTL and represents an absolutely dominant part of the shipping market. As a matter of fact, the LTL market is believed to have a value of nearly $35 billion. As a result, the utilization of load broker software has great value.

In 2013, trucking transported nearly 15 billion tons of cargo. The Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons. With this number expected to grow, it is absolutely essential that load broker software is used by shipping companies. Here are the benefits and value of using a load broker software:

Load Broke Software Keeps Things Organized

Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. This is a large number of different kinds of transportation and this makes it difficult for a shipment manager to handle all angles of their shipping company. As a result, the introduction of TMS systems, transportation management systems, has helped shipping companies immensely.

The companies CargoNet and FreightWatch have gathered data from across the globe. This data has revealed that within the first three quarters of 2016, nearly 615 cargo-theft incidents have been recorded. This can be even more common if there is no load broker software utilized to properly manage and take care of these shipments in terms of tracking.

According to the United States Department of Transportation, the value of freight moved is expected to increase from $882 per ton in 2007 to $1,377 per ton in 2040. If the value of freight that is moved is going to increase in such value then shipping companies will need to be even more cautious than before. So there is going to be even more value in using load broker software, especially when getting shipments where they need to be.

Load Broke Software Helps Deliveries Happen On Time

According to Satish Jindel, president of SJ Consulting Group, length of haul has declined. Public truckload carriers report that the average length of haul has decreased 4% between 2011 and 2016. This is because the LTL shipping market has increased and there are easier and quicker paths for delivering items.

Trucks carry the largest share of freight by value, tons, and ton-miles for shipments moving 750 or fewer miles. Rail, on the other hand, is the dominant mode by tons and ton-miles for shipments moved from 750 to 2,000 miles. According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States. This means there is a lot to manage and the simple utilization of load broker software can help shipping companies immensely!

In Conclusion

United States e-commerce revenue is about $423.3 billion and is steadily climbing. Whether it’s full truckload, less-than-truckload, or parcel, carriers are being forced to adjust to changes in the retail industry. There is great value in using load broker software and this value is only going to increase as there are more and more shipments across the globe.

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