Schneider Logistics launches new bidding tool for shippers, carriers

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Schneider Logistics says it has launched BidSmart, a new Web-enabled transportation bidding system that optimizes shippers’ transportation networks by identifying solutions that lower costs and provide additional capacity, while helping carriers find increased loads for their networks.

According to Schneider Logistics, BidSmart uses a Web-based bid format to enable pre-qualified carriers to view a shipper’s transportation requirements and bid on individual lanes, or packages of lanes, that best optimize their assets. In turn, carriers also can enter their rates and service capabilities, create their own packages, review specific freight service requirements and analyze bid results. The added functionality of scenario analysis now enables shippers to perform on-the-fly trade-off analysis for easy comparison, the company says.

BidSmart is offered through Schneider Logistics’ Transportation Advisory Service, the company’s global transportation consulting service that leverages technology, analytics and transportation industry knowledge. BidSmart replaces the company’s collaborative transportation procurement product, SUMIT CVA.

“Shippers benefit from improved service and capacity commitments at optimal pricing, while carriers can increase volume commitments on the lanes they service,” says Dave Cobb, general manager of the Transportation Advisory Service for Green Bay, Wis.-based Schneider Logistics. “This tool creates a real ‘win-win,’ and we have seen proven results across various modes.”

BidSmart was developed for the Web with Trade Extensions, a Upsalla, Sweden-based provider of software for advanced online negotiations. Founded in June 2000 by scientists specializing in the combination of algorithm design and microeconomics including market design and negotiation protocols, Trade Extensions’ mission is to set new standards for online negotiations.

For more information about Schneider Transportation Advisory Service and BidSmart, visit www.schneider.com or call 800-558-6701, ext. 2923.