Project44 Introduces Realtime Pricing for LTL Freight

project44 introduces a real-time Volume LTL quoting and tendering solution designed to address the time-consuming and error-prone nature of traditional methods through automation. Leveraging a robust carrier network, the solution significantly improves productivity, reduces costs, and enhances customer experience. This empowers businesses to gain a competitive edge by streamlining LTL freight processes and providing accurate, instant pricing, ultimately optimizing their supply chain and improving overall efficiency.

The Challenges of Traditional Freight Models

In today's globalized economy, efficient logistics management has become a critical success factor for businesses. However, traditional freight models, particularly Volume Less-Than-Truckload (LTL) shipping, face persistent challenges including inefficiency, high costs, and suboptimal customer experiences. These issues directly impact operational efficiency, profitability, and market competitiveness.

Consider a mid-sized manufacturer handling numerous Volume LTL shipments daily. Their logistics team spends excessive time contacting multiple carriers via phone and email to compare rates—a manual process prone to errors that increases costs and decreases customer satisfaction. The lack of real-time visibility further compounds these challenges, making it difficult to track shipments and respond to disruptions.

project44: A Technology-Driven Solution

Chicago-based project44 has emerged as a leader in freight automation, offering standardized Web Service API integrations that connect third-party logistics providers (3PLs), shippers, and carriers in real-time. The company recently launched an innovative solution for fully automated Volume LTL rate quoting and tendering, marking a significant advancement in freight automation.

Pain Points of Traditional Volume LTL

The limitations of conventional Volume LTL operations are manifold:

Inefficiency: Manual quoting processes require hours of labor, with information delays and errors compromising accuracy.
High Costs: Labor-intensive workflows increase operational expenses, while pricing errors and weak negotiation positions further inflate costs.
Information Asymmetry: Dispersed carrier data and outdated market intelligence prevent optimal decision-making.

project44's Automated Approach

The solution delivers several transformative benefits:

Real-Time Quoting: Automated API connections provide carrier rates within seconds, eliminating manual processes.
Automated Tendering: Intelligent algorithms select optimal carriers based on cost, transit time, and service quality.
Data-Driven Optimization: Advanced analytics identify efficiency opportunities and predict future shipping needs.

Tangible Business Benefits

Early adopters report measurable improvements:

15-20% reduction in freight costs through dynamic carrier selection
20% faster quote-to-ship cycles via automation
10% inventory turnover improvements from better demand forecasting
5% customer satisfaction increases from enhanced visibility

"project44 is the only provider enabling real-time Volume LTL connectivity without extensive internal development. Within days of implementation, we gained immediate productivity improvements," said Dave Bush, Senior VP at GlobalTranz.

The Future of Freight Automation

project44 President Tommy Barnes emphasizes that automation addresses critical industry challenges: "Volume LTL represents significant market potential currently constrained by manual processes. Our solution creates capacity through smarter resource utilization rather than simply adding trucks."

As labor shortages and capacity constraints persist, automated solutions like project44's offer a path toward more efficient, cost-effective logistics operations. The platform currently connects over 70% of domestic Volume LTL capacity through its API network, providing shippers unprecedented access to competitive rates and reliable service.

The evolution of freight automation points toward increasingly intelligent, visible, and collaborative supply chains. For businesses seeking to optimize logistics performance, embracing these technological advancements may prove essential for maintaining competitiveness in an evolving marketplace.