Freight Exchange
Freight Exchange is an online service in which the carriers search for freight and freight forwarders that transport cargo from one place to another. This innovation in technology enables to upgrade the modes of cargo transportation in trading business locally and internationally. In this kind of set up, the shippers or truckers will be able to establish a more comprehensive deal and communication in the transportation of freight quickly and efficiently. This kind of freight transport innovation prevents any trading business from experiencing profit sucking dead heading – and in effect, the agreement between these companies will be held confidential.
online transactions with freight forwarders
The system works by providing a policy that permits carriers to communicate with fellow operators such as the forwarders, transporters and Logistics Company about the freight traffic details. The first electronic freight exchange was launched in France in the year 1985. The service was called Teleroute.