West Palm Beach, Fla., Sept. 06, 2017 (GLOBE NEWSWIRE) -- Cloud Logistics, a leading innovator and provider of next-generation transportation management systems (TMS), has integrated its TMS solution with Truckstop.com’s RateMate, a spot market rate index that allows users to see rates paid and posted by brokers and carriers.
“In a very volatile market, having current, accurate benchmark data readily available is crucial for transportation planners,” comments David Landau, Executive Vice President for Cloud Logistics. “By integrating RateMate from Truckstop.com into our Workbench, our customers get the information they need to make the best decisions while tendering or receiving quotes on loads.”
The focus of the integration effort was to provide seamless visibility to lane-specific benchmark data. This has been accomplished by adding a “Benchmark” button in the carrier plan on the Workbench screen. With one click, planners have instant access to the latest industry data for the lane, equipment type and desired date range. When planners are evaluating contracted rates available for a load or while reviewing spot quote bids from various carriers, they now have the market intelligence needed to save freight spend while still assuring high service levels.
The spot market continues to remain very active. In the first half of 2017, the Cloud Logistics network saw an increase in spot market activity of 150%. Solutions like RateMate help customers maximize the benefits they receive while leveraging Cloud Logistics’ easy-to-use spot quote features.
“RateMate is the type of innovation that matches Cloud Logistics’ mission. It provides clear, instant insight into the potential cost of a shipment, at that moment, in that location, which translates to leverage,” said Nick Wynkoop, Product Marketing Manager for Rates and TMS at Truckstop.com. “When skilled logistics pros get their hands on that kind of information, it translates to insights, opportunities, and ultimately ROI. We're excited to be able to offer RateMate to all of Cloud Logistics' customers as an integrated part of their transportation solution.”
Cloud Logistics will be exhibiting at the annual CSCMP EDGE conference in Atlanta, GA September 24-26. Please stop by booth #411 for a live demonstration of the Cloud Logistics TMS solution.
About Cloud Logistics
Cloud Logistics provides the newest generation of transportation logistics solutions for the global supply chain market. Our solutions make the complexities of order collaboration, communication and international transportation management simple and beneficial for companies of any size. The offering includes a patent pending configurable workflow architecture, a unique user experience, customizable alerts, dynamic dashboard widgets, and ad-hoc reporting all delivered in a cloud-based network. Social technology for business allows each person involved with an order or shipment the ability to attach documents, claims photos, and Proof of Delivery (POD) signatures within a private secure community. More information about Cloud Logistics can be found at www.gocloudlogistics.com.
About Truckstop.com
Truckstop.com is the industry’s most trusted load board and largest freight marketplace. With a host of technology solutions across the freight lifecycle, Truckstop.com helps carriers, brokers, and shippers grow their bottom line, make better decisions, and forge lasting connections with fellow freight professionals. Truckstop.com offers qualified capacity solutions, transportation management software, load tracking, powerful rate comparison tools, integrated data solutions, a payment platform, insurance products, and more. The company is recognized as a leading resource for freight data and trends, informing outlets like BB&T and Bloomberg Financial. More information about Truckstop.com can be found at www.truckstop.com.