Loadsmart announced the expansion of its Multimodal Services to include less than truckload (LTL) and rail. The first digital freight broker to offer truly multimodal solutions, Loadsmart now enables customers to book shipments in North America across all major transportation modes, building on existing capabilities for full truckload (FTL), port drayage and transload.
"Loadsmart is now a one-stop-shop logistics solution for domestic freight," said Felipe Capella, Loadsmart co-founder and president. "We want shippers to focus on their core business instead of having to select and manage multiple providers to solve their many logistics needs."
In addition to giving shippers more choices, Loadsmart now offers mode optimization services, identifying opportunities to secure lower rates and more reliable capacity by selecting the best mode for each load in real time. The company has already begun offering expanded Multimodal Services to a select number of customers, and has seen rapid adoption. Through mode optimization, Loadsmart is actively helping shippers move loads originally planned as FTL via partial, LTL or rail, reducing cost by as much as 24%.
Loadsmart was the first to introduce FTL instant pricing and booking in 2015, executed the market's first server-to-server autonomous truckload booking via API integrations to TMS in 2016, and offered the first digital drayage and transload services in 2019. In Q2 2020, the company added more customers via direct integration with the shipper's TMS than in all of 2019, and this trend accelerated further in Q3 2020. These vital TMS integrations allow rates, tenders, tracking and invoicing to flow automatically between Loadsmart and the customer, delivering unmatched visibility to the shipments.
"Having invested in digital infrastructure by partnering with companies like Oracle, BluJay, MercuryGate and Blue Yonder, we're now building on this foundation by offering a broader range of logistics services across LTL, partial and rail," added Capella. "Looking ahead to 2021, we will be adding these services to existing TMS integrations."
"Mode optimization is a critical component to the supply chain strategy, unlocking cost savings and reducing waste caused by suboptimal decision making," said Jim Nicholson, vice president of operations at Loadsmart. "Loadsmart leverages data, integrations and algorithms to provide a best-in-class solution, allowing our customers to streamline the transportation of their goods."