If you’re in the market for shipping goods, it’s likely you’ll have to work with a load board at some point during your career. Though this management system can be difficult to navigate, there are ways to make a load board or a freight marketplace work for your business. Here are the key facts regarding load boards to make your business run a little more smoothly.
What is a load board?
A load board, or a freight marketplace, is a type of broker system designed for suppliers, brokers, and shippers to communicate with each other. On a load board, you can request someone to transport your freight, load your truck, or post your empty trucks. This highly competitive form of freight management is a great option for smaller businesses or businesses that rarely interact with the end client.
How does it help me?
The load board was invented to keep products shipping smoothly from one place to another. When more goods are transported, it means more money in the pockets of businesses and truckers alike. Truckers get to make more money and you will guarantee that your goods are shipped to the consumer on time. This improved the efficiency of shipping goods and helped brokers with managing LTL shipments.
How much do they cost?
A load boards price can vary depending on the site. Some offer paid memberships with a monthly cost to use their service. With some premium plans for load board sites, monthly costs can reach into the hundreds of dollars. Other sites are free to use but offer more variance in the prices between brokers and shipment truck drivers.
The fact of the matter is, the United States moves a lot of freight in a given year. In fact, the U.S. Department of Transportation has estimated that from 2007 to 2040, the value of freight moved will have increased from $882 to $1,377 per ton. It’s best to choose a load broker software you can trust. Visit 3PL Systems for more information on the right broker system for your business.