Global logistics company CH Robinson has taken another step forward for the industry’s most-connected logistics platform with the news that the company has delivered nearly 2.7 million digital quotes in the past year as well as one million in Q1 2022 alone, a 54% increase over Q1 of 2021. The acceleration of digital B2B supply chain connectivity has translated into spot transportation cost savings of up to 65% for shippers.
These integrations, which now include connections with more than 35 transportation management systems (TMS) and enterprise resource planning (ERP) platforms and hundreds of customer routing guides directly, offer access to automated freight bids, guaranteed capacity, and benchmarking and analysis to reveal competitive market rates in real-time that can be booked directly within whatever native platform the shipper is using for managing transportation. During historically high spot market rates of the past year, this served as a safety net of capacity for shippers of all sizes seeing increased route guide failure. While now in a softening market, it provides easy opportunity to quickly take advantage of lower rates.
In Q1 2022, two-thirds of CH Robinson’s spot business was priced through its dynamic pricing engine delivering real-time rates and capacity assurance from the largest network of truckload carriers in North America.
“When we connected with CH Robinson, we were looking to add digital capabilities as we wanted to reduce manual processes associated with spot rating, especially when market pricing was highly volatile,” said Bob Maxwell, global category lead, transport and warehouse, Bayer Crop Science. “CH Robinson’s technology platform provides us with real-time market rates that we rely on to make the smartest decisions possible for our shipments. We instantaneously get the most competitive rates that we can book with one click, saving us thousands of hours so far.”
