Best Load Board Software

Daniel Rivera
DR
Researched and written by Daniel Rivera

Load board software, also known as freight matching software, is used by carriers, brokers, and shippers to match shippers’ loads with freight carriers for cross-country transportation. This software helps facilitate more efficient, data-driven transportation decisions by suggesting the best carriers based on dimensions such as distance, market rates, past performance, location, or freight size. As such, load board software often integrates with transportation management systems (TMS) to book freight necessary to execute the transportation model. It can also help refine the transportation model by using machine learning to optimize routes based on fuel prices, IFTA taxes, and the carrier’s available space.

Shippers benefit from this tool’s carrier performance functionalities, as it allows them to re-book with freight companies that have dropped off their loads efficiently and cost-effectively. Shippers also gain value from load board software’s tracking and visibility features to ensure no issues arise in transit. This is accomplished either through native functionalities or by integrating with supply chain visibility software. Finally, freight matching software helps carriers negotiate better rates with brokers and shippers through credit reports and statewide outbound and inbound trucking rates.

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

Provide a private load board for carriers to post available freight and shippers and brokers to book loads
Use predictive analytics to suggest ideal 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 reduce gas taxes, account for fuel stops, and minimize empty miles
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Best Load Board Software At A Glance

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