Updated on July 18, 2023
Online freight marketplaces are designed to simplify the container shipping process, by instantly connecting shippers and importers to a vast network of ocean carriers. Marketplaces offer transparent pricing, professional, digitized support, and direct integrations for insurance and financing.
Below are 8 reasons a freight marketplace is advantageous over traditional ocean freight procurement processes and a handy infographic at the end.
Digital freight marketplaces offer substantial benefits to suppliers (forwarders, NVOCCs, carriers) as well. A digital platform functions as an online shipping marketplace for freight forwarders and offers a wide range of benefits:
Ability to control costs and adjust rates according to shifts in the market. Freight marketplaces allow you to upload and update available capacity and valid rates in real time — rather than requiring pricing commitments that may not be realistic should the market change suddenly.
Access to a larger, more diverse pool of shippers and importers fills space in LCL containers and FCL vessels. This is particularly beneficial for filling unexpected, last-minute capacity.
Quicker, more manageable payment terms and simple invoicing. A container marketplace manages the invoicing process and collects from all customers, making it easy to access a broad customer base while lowering associated risks.
Learn more about the benefits of a Freight Marketplace for Container Capacity in our full article here.