Tucson: Post.Bid.Ship. launched its online commercial freight bidding system at the 2011 Supply Chain Conference hosted by the Food Marketing Institute and Grocery Manufacturers Association in Orlando, FL, last month.
The system allows shippers of commercial goods to post their freight loads to www.postbidship.com. Trucking companies and other transportation providers then search for loads that they wish to haul and submit competitive bids. The shipper selects a winning bid, with Post.Bid.Ship. receiving a finder’s fee from the winning bidder.
Shippers will reduce their transportation costs by receiving competitive bids, while Post.Bid.Ship.’s innovative “Invitation to Bid” feature will make it easier for shippers to manage their transportation providers. Transportation providers will increase revenues by selling excess trailer capacity to a nationwide audience of shippers.
“We chose the name Post.Bid.Ship. to communicate to potential customers the simplicity of how our product works. We plan to serve not only those customers with trucking needs, but also the needs of customers interested in multiple modes of transportation,” according to Micky Thompson, CEO for Post.Bid.Ship.
Post.Bid.Ship. will initially market its system to shippers of food and beverage products along with other key manufacturing segments.
The company seeks to aid both sides of the commercial transportation market – shippers of commercial goods and the transportation providers who haul freight.
Post.Bid.Ship. will benefit shippers by:
- Streamlining the process by which they solicit freight rate quotes;
- Reducing freight costs as a result of competitive bidding; and
- Screening carriers to ensure that qualified carriers handle their freight.
Post.Bid.Ship. will benefit transportation providers by:
- Providing a cost-effective means of reaching shippers nationwide;
- Achieving greater profit margins by filling trailers to capacity; and
- Building an online record of references for potential customers to view.
The company traces its roots to the University of Arizona’s McGuire Center for Entrepreneurship. Graduate students Thompson, Jarret Hamstreet and Cody Nicholls conceived Post.Bid.Ship. as a means of using technology to bring about a more efficient commercial transportation marketplace.
Their concept earned the McGuire Center’s top honor of “Best New Venture” for 2010. Thompson and Hamstreet subsequently launched Post.Bid.Ship. in July 2010.
Headquartered in Tucson, the company released the first version of its Transportation Marketplace of the 21st Century in December 2010 after more than a year of research and development. Shippers and carriers of all sizes have begun testing Post.Bid.Ship. as the company conducts a nationwide roll-out of its online load bidding system.
Post.Bid.Ship expects to release the full commercial version of its system by May 2011.