Executive Briefings

FreightorGator Offers 'Dynamic' Pricing to Customers

FreightorGator, an online exchange for less-than-truckload (LTL) freight, is now delivering "dynamic" pricing to its customers.

Such prices are adjusted daily to fill trucks and meet demand. Exclusive dynamic freight rates are provided directly to spot LTL shippers, who can compare them and book in real time, instead of receiving blanket prices that are only updated periodically. The vendor said the effort "is indicative of a movement for the logistics industry to implement more sophisticated pricing systems to improve efficiencies and reduce operating costs." In FreightorGator's first implementation of the new offering, the company is extending dynamic rates from YRC.

Source: FreightorGator

Such prices are adjusted daily to fill trucks and meet demand. Exclusive dynamic freight rates are provided directly to spot LTL shippers, who can compare them and book in real time, instead of receiving blanket prices that are only updated periodically. The vendor said the effort "is indicative of a movement for the logistics industry to implement more sophisticated pricing systems to improve efficiencies and reduce operating costs." In FreightorGator's first implementation of the new offering, the company is extending dynamic rates from YRC.

Source: FreightorGator