Freight matching is defined as the process in which consignees are paired to the flight carriers by the use of truckload boards. The main reason why freight matching is done is to ensure that all the available space in the trucks has been filled up to prevent losses that may arise as a result of the consignment travelling over a long distance when empty. Companies or independent owners can carry out the freight matching using the load boards. Potential customers usually receive information to space available in a given truck and the destination of the consignments so that they can decide on whether to take up the space if it suits their needs. With the use of the load boards, the potential customers can use it to determine the requirements put in place for the shipping and try to meet them and then it will be matched with the available trucks and destination. Experience is very important to operate the load boards effectively and ensure that it is productive.
With the increase in innovation on a daily basis, freight matching has greatly been revolutionized and can be done online using different software. The innovation have been culminated with the development of digital freight matching which uses platforms in the web to connect individuals and companies who are shipping to the trucking capacity that is available. When working with the traditional freight brokers, it was not easy since freight matching would take a lot of time but this has become a narrative with the development of digital freight matching. Digital freight matching has done so many things become easy such as instant proof of delivery of the consignment, GPS tracking in the real time as well as automated invoicing and payment. Traffic and pollution has been greatly reduced through the digital freight matching. Pollution and traffic has been reduced through the reduction in the number of empty backhauls as well as consolidating several shipments into one.
Truck owners require finances upon delivery hence freight factoring plays the role. Once a consignment has been delivered to the recipient, truck owners and operators can receive payment soonest possible other than waiting for customers to pay from the freight invoice factoring company. One needs to submit the freight bill to a factoring company as well as a proof of delivery of the consignments either via emails, fax or any other fast means. To receive payments indicated on the invoice, the freight factoring company need to verify the invoice for assurance that the customer will pay. The company usually charges a given percentage of the total freight involve where one will receive the amount in invoice less the charges. It will then be the duty of the company to wait for the clients to make payment as indicated on the invoice. Invoice factoring is a solution for truckers to enable them get finances soonest possible after delivery other than waiting till when the clients will pay. Click here for more on digital freight matching: http://www.dictionary.com/browse/freight.