TransCore's Logistics Software, a transportation management system (TMS), has added three modules to help truck freight brokers and third party logistics providers (3PLs) take tighter control of operations.
The Carrier Pay Rate Calculator is a powerful negotiating tool putting the broker in control when selecting a carrier. Whether a carrier bills at a flat rate, per mile, hundred weight (CWT), ton, piece, or percentage of cost, the Carrier Pay Rate Calculator analyzes the carrier's bid, including accessorial charges, the shipper's rate, and calculates the profitability of the load. With a simple user interface, the broker can negotiate with his carrier and decide on a final rate within seconds.
The Dispatch Control Screen provides a single screen containing carrier history, lane rates, customer credit status, and other useful information. At a glance, truck freight brokers and 3PLs have full visibility to match loads, and move freight with confidence.
Using a single-touch interface with Microsoft Excel as well as ready-made templates, Report Writer takes standard reports and turns them into intuitive, visual information on Days-Sales-Outstanding (DSO) and other critical customer and carrier trends. The customers' charts, reports, and bar graphs are updated real time with information taken from Logistics Software.
"We've provided brokers and 3PLs productivity tools that take additional advantage of our single entry system that covers operations and accounting," said Steve Blair, general manager, TransCore Transportation Management.
"Regardless of who enters the data, that single entry is leveraged into useful information by dispatchers, finance, and management alike. Not only does this cut down on human error, it also expedites the profitable movement of freight while lowering overhead. Carrier Pay Rate Calculator, Dispatch Control Screen, and Report Writer are three more examples of how we continually build the core value of Logistics Software for current and new customers," explained Blair.
TransCore's Commercial Technology Group is a leading provider of transportation solutions in the United States and Canada serving brokers, carriers, owner-operators and shippers with best-in-class products. Load boards include Loadlink in Canada and 3sixty Freight Match powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore's asset tracking and in-cab communications solutions feature the industry's fastest response times and state-of-the-art satellite networking. TransCore provides fleet compliance, distribution and intermodal services, automated carrier safety and insurance monitoring, truckload rate indices for contract markets, and the most popular broker logistics software. TransCore is also the largest global manufacturer of transportation-based RFID applications with 37 million RFID tags and 58,000 readers distributed in more than 40 countries throughout the world. TransCore RFID products support the toll, traffic management, rail, access control, trucking, homeland security, and parking markets.