MODE Global, a multi-billion, multi-brand 3PL platform and one of the world’s leading logistics companies, is announcing a collaboration with Transporeon, a Trimble Company. The collaboration aims to leverage automation to tender both spot and dedicated freight using Autonomous Procurement offered by Transporeon. As a leading Transportation Management Platform, it will be white-labeled and customized for MODE as MODE Global Marketplace.
Given ongoing market challenges and rate volatility, consistent and reliable procurement has been a challenging area for shippers, carriers and intermediaries globally. Many transportation industry stakeholders, like MODE, recognize the potential of machine learning and data analytics to help navigate market conditions more dynamically. Transporeon’s AI and behavioral science-driven Autonomous Procurement solution for spot sourcing optimizes the entire freight procurement process. It transforms formerly manual procedures characterized by multiple touchpoints into a streamlined, automated process.
As part of this collaboration, Autonomous Procurement by Transporeon will be available in the MODE Global Marketplace. This will give organizations unfettered efficiencies specific to their tendering strategies while also creating a space for their carrier partners to instantly book shipments in a marketplace that is catered and customized to carrier needs. Carriers will have access to thousands of daily shipments all with real, immediately bookable rates attached to them.
“Initiating a collaboration with Transporeon has been an important aspect of our digital transformation,” said Gene Welsh, chief transportation officer for MODE Global. “Digital freight brokerage is a key component in allowing us to offer a total cost of ownership model, which is the first step in managing our shippers’ business from purchase order to cash. We’re excited about our journey to create an integrated, 4PL offering for our shippers, carriers and agents.”
The shared goal is to create a better environment for carriers within a digital platform.
“The technology is fully integrated with our transportation management system,” says Welsh. “We are now even more effective in managing our network of carriers and shippers, giving our clients tremendous flexibility and insight into their logistics spend.”
For its part, Transporeon will ingest the pipeline of MODE data and use it to better track markets and train algorithmic pricing models. This collaboration will significantly expand Transporeon’s existing carrier network of over 150,000 carriers and logistics service providers, while improving prediction accuracy and performance for all regional customers.
SOURCE: PRNewswire