Best Load Board Software

Load board software, also known as freight matching software, connects shippers needing to transport goods with freight carriers capable of moving those loads across the country. These solutions use data-driven algorithms to suggest the most suitable carriers based on factors like distance, market rates, carrier performance history, location, and freight dimensions. By integrating with transportation management systems (TMS), load board software can also assist in booking freight to execute the planned transport.

Key features include:

1. Matching shippers’ loads with appropriate freight carriers
2. Data-driven carrier suggestions based on multiple criteria
3. Integration with TMS for freight booking and transport execution
4. Route optimization using machine learning, considering fuel prices, taxes, and carrier capacity
5. Tracking carrier performance for shippers to make informed rebooking decisions
6. Market rate information for carriers to negotiate better deals

Load board software benefits shippers by providing insights into carrier performance, enabling them to rebook with carriers that have proven reliable and cost-effective. Tracking and visibility features, either native or through integrations, help ensure smooth transits. For carriers, the software provides credit reports and regional trucking rates, aiding in rate negotiations with brokers and shippers.

To qualify for the Load Board category, a product must:

• Provide a private load board for carriers to post available freight and shippers/brokers to book loads
• Utilize predictive analytics to recommend optimal matches between carriers and shippers.
• Provide load tracking and visibility natively or through integrations with supply chain visibility software
• Measure carrier performance to allow shippers to re-book with high-performing drivers
• Optimize routes to lower gas expenses, consider fuel stops, and minimize empty miles.

The primary value proposition is enabling more efficient, data-driven freight matching and transportation management, reducing costs and delays for shippers while helping carriers optimize routes and negotiate better rates.