What Are Shipping Auctions?

Previously freight brokers worked on request on pricing and requests for quotes. But, with the advancement in technology and for better transparency, online shipping auctions have come into existence. Participating in shipping bids for freight lanes is easier. And this gives every trucker a decent and equal opportunity to win and get a load to haul. Shipping auctions is more like a platform which brings carriers and shippers to a common ground. Just like you bid on products listed on eBay and the best bid gets the product, truckers bid on loads to haul. The one with the best bid gets selected and gets the task.

Shipping bids take place all the year round. It is a great way for carriers to have long-lasting relationships with shippers. Though there is work for everyone but, every new carrier added to the bid means more competition for you. The shipping auction is done on load boards where shippers enlist all their requirements and details of loads to haul. Once the trucker finds the details suitable for him according to his preferred route, region or trailer, he bids on it. Now it is up to the shipper to pick the bid he likes and the task is given to that carrier.

It is very important for a trucker to be on the radar to get opportunities to win shipping bid. The most effective way to stay on the shipper’s radar is to sign up on maximum load boards. It gives you the chance to get alerts on different job updates. The moment you receive job opportunities feasible for you, you pick the bidding challenge and try your best to win it. As a carrier you should make your profile really diverse and informational so that shipper can have faith on your credibility and authenticity.

As the shipping auction platforms are highly competitive, it is very important for you to forecast the trucking rates from beforehand and put the right bid. The success rate of winning a bid depends on how low your bid is. You can increase the odds by decreasing your bid accordingly. Yes, you can always bid more than once. While this gives you the best chance to win bids, you should also source strategies to implement the loads. Once the rate and service level is agreed upon you can sign the deal.

Manage your carrier network for a profitable business. Create your own strategy to cover loads and put effective rating on the bids. Also remember winning the shipping bid isn’t just about the rate. It is important to build value with shipping through the bidding procedure, implementation of the load and your performance level.

Make sure you keep up with the pickup and delivery deadlines. Bidding on delivery jobs is simple but keeping up with the deadlines and matching the needs of the shippers is tough. Whether you are an owner-operator or a fleet owner, you can easily bid on delivery works on load boards and get as much task for you as you want.