What Is Dynamic Freight?
Dynamic freight is a flexible shipping approach where freight rates adjust in real-time. This means rates change based on current factors like demand, fuel costs, and availability. Unlike static pricing, which locks in rates for long periods, dynamic freight adapts, giving shippers access to the best price at any given moment.
Dynamic freight provides valuable flexibility, allowing shippers to choose cost-effective options as market conditions shift. This approach benefits businesses by balancing cost and service, maximizing efficiency without compromising quality.
How Dynamic-Based Pricing Works
Dynamic-based pricing happens through integrating API contracts into a transportation management system (TMS). With these API integrations, shippers receive live pricing data directly in their freight technology. As rates fluctuate, shippers see real-time changes, empowering them to make quick, data-driven decisions to optimize shipping costs.
Translogistics pioneered this technology years ago, making us experts in dynamic-based pricing. Today, our TMS offers advanced tools that keep your shipping costs competitive, no matter the market conditions. Dynamic pricing gives you an edge, helping you adapt to rate changes with confidence.
Optimize Shipping with Rate Comparisons and Analytics
TLI equips shippers with our advanced ViewPoint TMS, providing powerful tools for rate comparisons and supply chain analytics. With ViewPoint TMS, shippers can compare real-time rates across carriers, ensuring they choose the most cost-effective options. Additionally, we leverage historical shipment data to deliver deep supply chain insights. This data allows us to analyze trends and identify patterns, helping you determine if specific carriers or rate structures are a good fit for your needs. By combining dynamic rate comparisons with robust analytics, TLI supports shippers in making informed, strategic shipping decisions.
Looking to access dynamic-based pricing? Translogistics has made it simple. Through our TMS, shippers get immediate access to live pricing along with other flexible contract options. We work with multiple contract types, including spot pricing and fixed rates, to give you a full range of choices.
At the end of the day, we typically recommend a hybrid approach. By blending contract types, we ensure shippers always get the best deal for every shipment. Interested in accessing dynamic freight and cutting costs? Partner with Translogistics and experience the benefits of real-time pricing today.
