Transportation News

SMC³ Adds Volume Less-than-Truckload Pricing API to Its Suite of Rating Solutions

The volume pricing API is the newest tool in SMC³’s ever-growing collection of Execution and Visibility APIs - tools that are tailored for efficient, fast and powerful direct-to-carrier LTL communications.

Direct-to-Carrier Volume LTL Pricing API Solution

In an expansion of its best-in-class suite of Less-than-Truckload (LTL) freight rating tools, SMC³ has unveiled a direct-to-carrier volume LTL pricing API solution delivered through the secure, reliable SMC³ Platform.

The API can be used in conjunction with SMC³’s RateWare XL contract rating tool.

SMC³’s continuous innovation and authority in LTL rating solutions is the result of decades of expertise in the transportation arena.

As the leaders in LTL rating, SMC³, which handles 50 million transactions each day, is the most trusted provider of LTL freight APIs and analytical transportation tools.

Brian Thompson, chief commercial officer of SMC³

“Our goal is to arm our customers with the knowledge they need to optimize their LTL decisions”Brian Thompson, SMC³
chief commercial officer

The company unveiled its volume pricing API to satisfy customer demand; spot pricing is increasingly relevant in today’s transportation environment due to tight market capacity.

Supply chain stakeholders use volume pricing rates when they need a spot quote for shipments that don’t fit within traditional LTL or truckload parameters.

By using this service, customers pay the going rate for space their freight actually uses, not a previously agreed upon LTL contract price.

This volume LTL freight can move on a carrier’s backhaul or chronic empty lanes (a benefit for the carriers) and is priced at spot-market rates, which can save shippers money.

Volume LTL can be looked at as a mutually beneficial arrangement among shippers and carriers.

SMC³’s volume pricing solution is a RESTful API that was built with an eye toward extremely easy and fast integration into transportation management systems. New customers average only one week of integration time.

According to Jon Adams, vice president of LTL solutions for R2 Logistics, “Like all its products, SMC³’s volume LTL API is easy to integrate and easy to use. Most important, it drives out manual processes and makes our operation more efficient.”

The volume pricing API is the newest tool in the company’s ever-growing collection of Execution and Visibility APIs - tools that are tailored for efficient, fast and powerful direct-to-carrier communications.

By automating the volume pricing process through SMC³’s newest API, customers can reduce the likelihood of rating errors and remove inefficiencies from the process.

“In the shifting supply chain arena, shippers and 3PLs that use our volume LTL pricing API in conjunction with RateWare XL can guarantee they always receive the best possible rate for their freight moves,” said Brian Thompson, chief commercial officer of SMC³.

“As the leaders in Less-than-Truckload rating, our goal is to arm our customers with the knowledge they need to optimize their Less-than-Truckload decisions.”

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Related Article: Pros and Cons of Supply Chain Transactional APIs versus EDI Logistics Communication Technologies

Related Resources

Download the Paper

Why eShipping Selected the SMC³ Platform for Transactional LTL API Connectivity
In this SMC³ case study, Chad Earwood, CEO of eShipping, describes how they integrated the SMC³ platform for transactional LTL API connectivity, and by using the high-horsepower, analytical APIs RateWare XL and CarrierConnect XL they are able to obtain immediate LTL rates and even audit LTL pricing. Download Now!


Download the Paper

Transportation APIs & the SMC³ Platform
These data sheets detail how the SMC³ Platform offers the only transportation APIs designed to go beyond simple connectivity to deliver service orchestration for logistics service providers, shippers, carriers, and technology providers. Download Now!


Download the Paper

The Single Source for LTL Pricing & Transit Information
The SMC³ Platform empowers 3PLs and Shippers of any size to successfully navigate and optimize the LTL shipment arena, choose the level of computing power based on your specific needs and operating environment with a technology platform offering the best of all worlds. Download Now!


More Resources from SMC³

 

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Article Topics
Trends   Transportation   Transportation Management   Less-than-Truckload   LTL   All topics


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