C.H. Robinson, the world's largest logistics company, stated today that it has delivered approximately 2.7 million digital quotes in the previous year, including one million in Q1 2022 alone, a 54 percent increase over Q1 2021. Shippers have saved up to 65% on spot transportation costs thanks to the acceleration of digital B2B supply chain connections.
These integrations, which now include direct connections with over 35 transportation management systems (TMS) and enterprise resource planning (ERP) platforms, as well as hundreds of customer routing guides, provide access to automated freight bids, guaranteed capacity, benchmarking and analysis, and real-time market rates that can be booked directly within whatever native platform the shipper is using for transportation management. This provided as a safety net of capacity for shippers of all sizes experiencing more route guide failure during the year's historically high spot market rates. While the market is currently softening, it still gives an easy opportunity to take advantage of cheaper rates.
Two-thirds of C.H. Robinson's spot business was priced using its dynamic pricing engine in Q1 2022, which provided real-time rates and capacity guarantee from North America's largest network of truckload carriers, as well as savings such as:
Cost savings of up to 65% for networked shippers:
When compared to those quoting and booking without a route guide integration, those with route guide integration in their existing TMS realized up to 65% savings on transportation expenses, with an average of 10-20% savings. When compared to quoting through the traditional spot market, those with route guide integration were 75% less likely to be penalized with spot rate premiums.
Connected shippers will save thousands of hours of time:
Instant rates on spot loads are offered to those connected to C.H. Robinson's dynamic pricing engine, reducing manual labour and saving individual clients thousands of hours per month.
“When we connected with C.H. 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, C.H. 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.”
-Bob Maxwell, Global Category Lead, Transport & Warehouse, Bayer Crop Science