They say you should never let a good crisis go to waste, and freight brokers have taken that to heart during the pandemic. Amid the turmoil, many prioritized software and technology upgrades that could help them continue delivering for shippers and carriers. Now they’re reaping the rewards.
How Software Automation Helps Freight Brokers Form Better Partnerships
The supply chain has spent years fostering digital capabilities, driven by the mass migration of transportation management systems (TMS) to the cloud, an influx of venture capital, and the arrival of digital freight apps such as Uber Freight and Convoy. However, the onset of COVID-19 made the benefits offered by the cloud not only irresistible — but essential.
- Delivering all-around improved experiences to shippers and carriers
- Gaining the ability to step up existing partnerships
- Attracting new business
- Boosting overall revenue
- Optimizing employees’ time
Every Broker Can Be a Digital Broker
Over the last few years, the digital transformation of the supply chain has given rise to an entirely new category of brokers: digital freight brokers. The digital freight brokerage movement began with companies such as Convoy, Transfix, and Uber Freight, who use self-service digital marketplaces to match shippers with carriers.
Are You Ready for the Digital Future of Freight Brokers?
Many exciting developments have come out of the supply chain’s digital adoption trend so far, but this is just the beginning. Experts anticipate further developments, such as predictive algorithms that can match carriers with loads and blockchain-based tracking for shipments.
Leading freight brokers are already investing in tech strategies to stay ahead of the curve. Not sure where to start with your own technology shift? Begin by pinpointing key opportunities to scale, reduce costs or improve profitability for your brokerage. The chances are good that an enterprise software suite exists to help you achieve your goals.
If you’re interested in learning more about how Axle can help grow your credit and help build your business, we’d love to talk.