There are 3.68 million Class B trucks moving 71% of the country’s freight across this great nation. That’s 10.55 billion tons of freight moved every year.
So how can your carrier business get a piece of that huge pie? You win trucking contracts, that’s how. But wait, that makes it sound too easy.
When you have access to load boards, it is that easy. Not sure what a load board is? Don’t worry, we’ve got you covered. Keep reading to learn what a load board is, how it works, and how it can benefit your carrier business.
What Is a Load Board?
A load board or freight board is an online marketplace that allows freight shippers to post their needs. Then carriers can bid on these shipments.
It works to create a centralized location to connect shippers, carriers, and brokers.
How a Load Board Works
Load boards are hosted online and work as an online portal that shippers and carriers log into. Some boards require users to pay a fee for access.
We are referring to carriers, but load boards work for truck owner-operators, small fleets, and larger freight companies. The process works the same for all of them.
When a carrier sees that they have empty trucks, they can log into the load board and look at the listings posted by shippers. They will narrow down the listings based on load size, pay offered, and geographical origin and destination.
This allows the carrier to find the loads that fit their services. They wouldn’t want to pick up a shipment headed to California if their lanes are all focus on the east coast.
Once they find a shipment that fits, they can bid on it. At this point, they are competing with other carriers who are also bidding on the shipment.
Sometimes the shipper is purely money motivated. In this case, the shipper will pick the lowest bid. The carrier will need to know how low they can bid while still remaining profitable.
On the flip side, the carrier can also post empty trucks. This is useful for when you have a shipment going to an unpopular destination. You can then pick up a shipment for the return trip and cut your operating costs.
Shippers will use the load board by posting their needs. This could be a business that delivers oversized products, such as furniture.
They will sell their item, then post on the board where the item is located, where it needs to go, and information about the item. Relevant information includes the dimensions of the item and its weight.
It is also vital to include if the item has any particular restrictions. This becomes important when the item is perishable or considered hazardous. Both of these types of shipment have special requirements that limit who can transport them.
The shipper will then field the bids from potential carriers. Often, they will reach out and negotiate the specific terms. They will then choose one and move forward.
Shippers can also browse the open truck listings. This is a great way for them to score deals. Most carriers offer discounted rates on these return shipments since the carrier made the bulk of their money on the outgoing shipment.
The Benefits of Using a Load Board
Load boards provide a platform to make it easy for shippers and carriers to connect. It gives carriers one central location to access potential customers. This reduces the time and labor cost of finding new business.
Most boards are easy to use. They will display all of the necessary information for you to make an informed decision.
Up to Date Information
The best load board will give real-time information. This way you have the most up to date information and opportunities available to you.
If you want to stay competitive, you need to act fast and bid competitively. You can’t do this with out-of-date information.
Many load boards are going to be free or charge a low amount to use. This makes them a smart investment in the future of your business.
If you are a smaller carrier or a driver that owns their own truck, you don’t have a lot of free time to hunt down loads. Load boards today are mobile optimized.
That way you can hunt your next shipment while out on your current shipment. Now you reduce your downtime, and as we all know, downtime means lost profits.
Best of all, load boards are up and running 24/7. You are no longer limited to business hours to call on potential shippers.
Look for load boards that can integrate with your existing systems. Many load boards offer an API that can allow direct access to the board from your own portal site.
This allows you to book and manage your shippers quickly and easily from one place.
Score More Trucking Contracts
These days load boards are the go-to way that truck owner-operators and small freight fleets find new loads. It gives them one easy to use portal for finding new shipments.
This reduces their labor costs in trying to go out and hunt down their own shipments. With an effective bidding strategy, they will have enough trucking contracts to keep their trucks full and on the move.
After all, you aren’t making money if the truck isn’t moving freight. So stop staring at your empty trucks and start winning bids.
Sign up today for our freight loads board and start finding loads and getting paid.