AUSTIN, Texas — April 16, 2014 – Online freight marketplace uShip today announced three top national LTL carriers – Con-way Freight, Old Dominion Freight Line and YRC Freight – have committed to uShip’s shipper-direct LTL spot rate marketplace.
This brings the total national and regional LTL (less-than-truckload) carriers that are either live or coming online to uShip’s marketplace to 28, representing more than 80 percent of the annual volume in the $32 billion LTL market in the U.S.
“By publishing their rates through uShip, LTL carriers can act a lot like airlines or hotels when it comes to pricing,” said Jim Bramlett, GM of uShip LTL Freight. “They can now reach shipping customers directly with rates they control and dynamically adjust with market and seasonal conditions. This optimizes their asset utilization, accelerates growth in their most profitable segment, and maintains strong yield levels while maintaining their 3PL contracts.”
uShip’s marketplace also provides millions of small to midsize shippers not under a freight contract with a single online location to manage all their shipping, direct carrier access, instant capacity and transparent, competitive pricing.
In addition to Con-way, Old Dominion and YRC, LTL carriers include R&L Carriers and Roadrunner Transportation Systems, as well as a host of regional carriers such as Averitt Express, Pitt Ohio, and Midwest Motor Express.
Today, uShip has 250,000 registered business shippers with more than 35 percent of its total shipping volume in commercial freight. This number only increases as uShip pushes more instantly-bookable, non-auction shipments into its online marketplace.
View this infographic to see how uShip’s LTL marketplace works – and the benefits – for both shippers and LTL carriers.
uShip is the global transport marketplace that’s reinventing logistics. By moving it entirely online and to mobile devices, it brings greater automation, transparency and efficiency to the traditionally inefficient shipping industry. Primarily serving the commercial freight, vehicles, and household goods markets, the uShip freight exchange seamlessly connects shipping customers – from freight brokers to business shippers and consumers – with feedback-rated transportation service providers that engage in online fixed price, spot market and auction-based transactions. Based in Austin, Texas, and Amsterdam, the company operates globally with localized sites in 19 countries and regions on six continents. It is backed by Benchmark Capital, DAG Ventures and Kleiner Perkins Caufield Byers, and is featured on “Shipping Wars,” A&E’s real-life series broadcast worldwide. http://www.uship.com
Dean Jutilla, uShip.com
Posted on April 16, 2014 at 7:00 am