Supply chain stakeholders use volume pricing rates when they need a spot quote for shipments that don’t fit within traditional LTL or truckload parameters.
In an expansion of its suite of less-than-truckload freight rating tools, SMC³ has unveiled a direct-to-carrier volume LTL pricing API solution.
Delivered through the SMC³ platform, the API can be used in conjunction with SMC³’s RateWare XL contract rating tool.
SMC³ says it is a leader in LTL rating, handling 40 million transactions each day.
“Supply chain stakeholders use volume pricing rates when they need a spot quote for shipments that don’t fit within traditional LTL or truckload parameters. By using this service, customers pay the going rate for the space their freight actually uses, not a previously agreed upon LTL contract price,” said SMC³. “This volume LTL freight can move on a carrier’s backhaul or chronic empty lanes — a benefit for the carriers — and is priced at spot-market rates, which can save shippers money. Volume LTL can be looked at as a mutually beneficial arrangement among shippers and carriers.”
SMC³ offering volume LTL pricing solution
