Reduce freight shipping costs without brokers
By eliminating brokers and factoring costs, Cashfreight.com significantly reduces costs for both shippers and carriers. Here’s a breakdown of how the platform helps lower expenses:
1. Broker Fee Elimination: Savings of 10% to 20%
Traditionally, brokers charge both shippers and carriers a commission on each load, which can range from 10% to 20% of the shipping cost. By using Cashfreight.com, these middleman fees are eliminated, leading to substantial savings for both parties. With direct connections between shippers and carriers, companies can keep more of their profits and reduce their total freight costs.
2. Removal of Factoring Costs: Additional 3% to 5% Savings
Factoring companies, which help carriers by advancing payments for freight deliveries, often charge a fee of about 3% to 5% of the invoice amount. Cashfreight.com eliminates the need for factoring by ensuring faster payments through its PowerPay™ feature. This helps carriers maintain positive cash flow without the additional cost of factoring services, reducing overall expenses.
3. No Monthly Subscription Fees: Savings of $300 to $1,500 Per User
Many traditional freight platforms charge monthly subscription fees that can range between $300 to $1,500 per user, depending on the scale of operations. Cashfreight.com does away with these fees, replacing them with a small charge per load. This pay-as-you-go model ensures that shippers and carriers only pay for the services they use, providing flexibility and reducing fixed costs.
4. Reduction in Time Spent Per Load: Increased Efficiency
Research shows that shippers, carriers, and brokers typically spend 33, 81, and 99 minutes per load on administrative tasks such as load posting, bidding, and documentation. With Cashfreight.com’s automated tools like LoadBook™ (automated documentation) and LoadAssist™ (smart load recommendations), the time spent on each load is significantly reduced. These tools automate critical tasks, allowing shippers and carriers to handle more loads with fewer resources, further increasing efficiency and cutting labor costs.
5. Savings on Office Supplies and Administrative Overhead
The platform also reduces costs related to office supplies, mailings, and other administrative expenses. Since everything from load posting to invoicing is digitized and automated, companies can eliminate the need for physical paperwork and the associated overhead costs, further streamlining their operations.
6. Cumulative Savings Based on Load Volume
For businesses that handle multiple loads per week or month, these cost reductions can quickly add up. Depending on the number of loads a shipper generates or a carrier hauls, the combined savings from broker fees, factoring fees, subscription costs, and reduced administrative time can be substantial.
Conclusion: Significant Savings with Cashfreight.com
By leveraging Cashfreight.com’s suite of freight management tools, businesses can achieve significant savings on every load they handle. The elimination of brokers, factoring companies, and subscription fees, combined with automated processes that reduce administrative time, helps both shippers and carriers lower their operational costs and improve profitability. Reduce freight shipping costs without brokers.
To learn more about how Cashfreight.com can revolutionize your freight operations and save you money, visit their platform here.
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