Third-party freight brokers now have access to the Convoy network

-

 By John Lipscomb, President of National Shipper List and former freight broker

 

Freight brokers may now use Convoy for Brokers, the digital freight forwarding network Convoy's new initiative that enables them to tap into the network's current carrier base, to ensure their cargoes are covered. “Our goal at Convoy is to carry goods throughout the globe in a way that produces no waste.” According to Convoy CEO and co-founder Dan Lewis, “the only way to achieve this goal is to collaborate with other freight firms and to share the benefits of a digital freight network.”

A new source of elastic capacity and the opportunity to build out your carrier base are among the benefits brokers will gain from today's announcement from Convoy. Carriers, on the other hand, will benefit from an increase in opportunities to fill their schedules, earn more money and decrease empty miles.

After working with logistics providers USA Truck and AFS Logistics for a year, the firm has revealed that it has designed its new program and understands the problems that come with this sort of platform, especially when brokers experience unprecedented levels of capacity demand from their shippers. George Henry, senior vice president of USA Truck Inc., believes that "new techniques to capacity procuring and shipping automation may decrease much of the waste that now occurs in the freight business."

Convoy competes in a few areas, but there is a greater possibility for both of us when we collaborate. We've been able to accommodate more growth in our load volume and boost our team's efficiency by making it easier to access vehicles through Convoy's digital freight network." Brokers will now be able to use an online platform or integrate TMS into the platform to obtain all-in prices for each load they manage, according to the business. Convoy charges a fee for matching cargo with the best-available carrier, so these costs will reflect that. The Convoy app now shows loads from both Convoy and third-party brokers, providing carriers complete visibility into the suppliers with whom they will be doing business.

It is the third-party broker's responsibility to act as agent of record on the shipment until it is fully delivered once a carrier accepts the load for transport. Following delivery, Convoy will send an invoice to the broker, enabling the carrier to use Convoy QuickPay. They may also benefit from Convoy's expanding, verified carrier network of third-party brokers. Convoy's real-time tracking system will also let them handle all of their load documentation. Convoy's network of carriers is expanding, making it a more competitive alternative to loading boards that don't offer value-added capabilities for growing transportation enterprises. Owner-operator Robert Key of BizzyB Transport remarked, "There isn't any firm that comes close to matching Convoy's service quality and devotion to carriers." As a Convoy driver, I now have even more freedom to use my favorite lanes while still enjoying the Convoy experience."

Popular posts from this blog

Helpful Tips for Effective Link Building Before you Submit Article on a Website

-
  Getting link building to your site is one of the most important things you can do for search engine optimization. The reason for this is that the search engines use the number of one-way links coming to your site as a measure of how popular it is. This is how they decide where your site will rank for a given keyword phrase. But even though building links seems like a simple task, there are a few things you need to watch out for. In this short article, I'll tell you three things that every link-building campaign that works should do. Don't buy links or trade links with other sites Back in the day, everyone was buying links for a best blog and doing what were called "link exchanges." You put your link on these sites in exchange for letting them put a link on your site. Even though they worked well for a few years, the major search engines caught on and now punish anyone who uses them heavily. If you don't follow this advice, it could cost you more than a...
Read more

Prop Review for Trading: How Does a Prop Trading Company Work?

-
  When a financial organization such as a commercial bank, a brokerage firm, or an investment bank makes trades or investments in the stock market, this is proprietary trading, or "Prop trading" for short. According to prop review , these networks facilitate the buying and selling bonds, equities, commodities, derivatives, currencies, and other assets. They do not invest or spend their clients' funds on personal whims. They opt to use their funds instead. Therefore, they can benefit from the commission they get from trading on behalf of their clients and the profits generated by such deals. How does a prop trading company work? A prop trading firm is frequently a large financial institution with direct stock market involvement. When a bank's trading desk uses the company's funds and accounts for "prop trading," the desk engages in the self-serving activity. These often speculative transactions use many complex derivatives and other investment in...
Read more

Breakthrough That Could Reverse Climate Change with Scaling Investments

-
Image
  This past September ClimeWorks launched the world’s largest “carbon sucking” plant known as Orca designed to reverse global warming. It utilizes geothermal power from the Hengell volcano in Iceland to propel giant fans that suck air out of the atmosphere and pass it through a filter. The filter is then released of the CO2 that is subsequently converted into a carbonate and buried permanently beneath the rock layer. It is estimated that this plant prototype is capable of removing CO2 from the atmosphere that is the equivalent of 870 cars.   The beauty of operating these energy intensive direct air capture plants in Iceland is that there is virtually unlimited sustainable geothermal power in the country due to the volcanic landscape. It is estimated that the new full scale direct air capture plant that is currently under development could do the work equivalent to 40 million trees. In order to bring the planet to NetZero carbon emissions it is estimated that the scale of t...
Read more