Daily price business: An underestimated potential for shippers

The daily price business, in which transport requests are processed at short notice and on the basis of daily updated prices, holds great potential for shippers. Despite the lucrative opportunities, it is often considered “annoying” and “unprofitable” by many shippers. The reasons for this usually lie in the high manual and administrative effort involved in processing daily price requests. However, with the right tools and processes, such as those offered by spotcargohub, the daily rate business can be made transparent, efficient and profitable.

ca. 4 min. reading time

1. The potential of the daily rate business

Daily price inquiries are an essential part of the dynamic logistics market. They offer shippers the opportunity to generate orders at short notice and thus optimally utilize their transport capacities. In contrast to long-term contracts, shippers can react flexibly to the current market situation and adjust prices on a daily basis. This allows them to adapt quickly to changes in demand and can lead to higher margins if capacity is used specifically at times of high demand.

2. The challenges: Why daily price requests are perceived as “annoying”

Despite the potential, many shippers see the day-to-day price business as a challenge. The reason often lies in the administrative effort involved:

Manual effort: creating and sending quotes requires a lot of time and care, especially when numerous requests need to be processed simultaneously.
Coordination: Coordination within the company to ensure that available capacities are correct and up-to-date is time-consuming and prone to errors.
Documentation: Without a centralized system, it is difficult to keep track of incoming requests, quotes and their status.

These challenges lead to the day-to-day price business being perceived as time-consuming and less profitable. Manual processing eats up valuable resources and often results in a poor experience for both carriers and their customers.

3. spotcargohub: Efficiency and transparency in the daily price business

This is where spotcargohub comes in to make the daily price business for haulage companies not only more efficient, but also more profitable. By digitizing and automating processes, spotcargohub offers a platform that significantly reduces administrative effort and at the same time creates transparency.

Automated quote management: spotcargohub enables freight forwarders to create, manage and send quotes quickly and easily. The platform ensures that all relevant information is available for the creation of quotes, avoiding errors and saving time.
Central overview: All daily price requests and quotes are managed centrally via the platform. This enables a quick overview of the current status, open requests and current orders. This allows freight forwarders to plan and coordinate their resources more efficiently.
Transparency and traceability: spotcargohub documents all steps digitally, which not only increases transparency but also traceability. This facilitates internal communication and ensures that everyone involved is on the same page.

4. Profitability through optimized processes

By using spotcargohub, haulage companies can turn the daily price business into a profitable business area. The platform significantly reduces manual effort, thereby increasing efficiency and reducing costs. At the same time, it enables shippers to react quickly to market changes and make optimum use of their capacities. This enables carriers to achieve higher margins and improve customer satisfaction through faster and more accurate quotes.

5. A strategic advantage

The day rate business can become an important strategic advantage for haulage companies that use it efficiently. By being able to react flexibly to demand and generate short-term orders, haulage companies can not only improve their capacity utilization but also strengthen their market position. spotcargohub offers the tools to fully exploit this flexibility and make the day rate business profitable.

6. API connection for dynamic and real-time quoting

One of the outstanding functions of spotcargohub is the possibility of an API connection to the existing TMS (Transport Management System) or quoting tools of the shippers. This integration paves the way for dynamic or real-time quoting, where prices and availability can be updated and communicated in real time. This seamless connection allows shippers to further automate their quoting processes, which not only saves time, but also increases the accuracy and timeliness of quotes. The result is faster responsiveness to customer requests, which significantly increases the chances of winning orders while reducing the administrative burden.

Conclusion

Although the day-to-day price business is often perceived as tedious and unprofitable, it offers enormous potential for haulage companies. The challenges associated with manual and administrative effort can be overcome by using spotcargohub. The platform offers an efficient, transparent and profitable solution for the daily price business, enabling shippers to optimize their processes, reduce costs and increase their competitiveness. The digitalization and automation of spotcargohub transforms the daily rate business from a challenge into an opportunity, especially through the possibility of dynamic and real-time quoting.

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