Loadsmart launches Data Insights product to strengthen shipper operations

CHICAGO, June 16, 2021 / PRNewswire / – Loadsmart, a digital freight technology company, today announced the release of its Data Insights offering, which empowers shipper operations with a robust, enterprise-class data infrastructure. By building the digital pipes that connect supply and demand in the freight market, Loadsmart is uniquely positioned to offer a macro and micro level perspective, like the first Freight data insight report released today. Only Loadsmart can bridge the gap between available industry information and what shippers really need to optimize freight management and maintain positive relationships with carriers.

With Data Insights from Loadsmart, shippers get access to bespoke dashboards tailored to their specific needs and insights into key logistics performance indicators, including:

  • Target lead times to avoid incarceration and other accessories (fees for additional services)
  • Estimated additional costs due to shorter lead times
  • Insights into planning, including waiting times in the facility
  • Repeat offenders for accessories, including cancellations and fees for ordered, unused trucks, rated by facility or accessory
  • Comparison of accessories with benchmarks from other senders of the same size or industry
  • Mode optimization options to reduce costs, time and emissions
  • Analysis of the previous shipping costs that could have been reduced and how much better mode selection can be achieved

“We’re much more than a digital freight technology company, we’re a technology partner that helps shippers spot inefficiencies, and we have the execution services to respond,” said Felipe Capella, Co-Founder, President and COO of Loadsmart. “This solution provides actionable insights that go beyond industry benchmarks and can be used to improve many aspects of the mailer’s business.”

Today’s shippers are increasingly striving for truly data-driven solutions. While shippers using industry databases have an edge over the competition, there are gaps between what public databases represent and the reality of what shippers experience, and context is often lacking. Loadsmart’s data insights allow organizations to dig deeper to identify action points so they can take real steps to outperform third-party benchmarks and focus their attention on fixing problems at the source, where they are greatest Have an impact.

“Existing industry data is often passed on to shippers, making it difficult for managers to find what they need from irrelevant records,” said Ed Summers, Senior Product Manager at Loadsmart. “Because of our strong engineering structure, our team is uniquely able to create customizable dashboards that give shippers the ability to finally determine what they want to measure.”

Equipped with the sophisticated AI and machine learning functions of Loadsmart, Data Insights becomes more and more intelligent the more a sender uses it, continuously adapting the results to business requirements and helping customers achieve their KPIs and OKRs. With relevant, tailored insights, shippers can build and maintain positive relationships with rental fleets by identifying inefficiencies that affect the carrier’s successful performance. The better the service provided by freight forwarders, the better shippers can deliver to their customers.

The first Freight Data Insights Report released today analyzes a huge data set from Loadsmarts, the industry-leading digital freight platform. The report’s unique and distinctive results are based on millions of customer offers, hundreds of thousands of pickups and deliveries, more than 30,000 carriers and 680,000 U.S. railways from 2020-2021. The report confirmed that manufacturing industry has the highest rate of FTL incarcerations at 10%. In addition, the average lead time in retail is the largest at 7.2 days. Learn more: https://success.loadsmart.com/de/data-driven-optimization-report.

“At Loadsmart, we don’t create technology for technology’s sake. Our focus is clear – we want to develop solutions that significantly improve efficiency in the cargo shipping sector, ”added Capella. “Real-time information is the currency of the future of freight traffic and with data insights – in addition to our ability to consider the results – shippers can get the most out of the data.”

For more information on the new Data Insights product, visit: https://loadsmart.com/data-insights/.

About Loadsmart
Loadsmart is transforming the future of freight, leveraging artificial intelligence, machine learning, and strategic partnerships to automate the pricing, booking, and shipping of freight. By combining advanced technologies with in-depth industry expertise, Loadsmart drives growth, simplifies operational complexity and increases efficiency for freight forwarders and shippers alike. For more information, please visit: https://loadsmart.com.

SOURCE Loadsmart

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