How Does Shipping Bids Work?

A friend of my hubby who is in the trucking business has recently lamented to us how his business has been affected since the start of the Covid-19 pandemic. From a bustling business with five staff and making an average of five trips in a day, the partial lockdown imposed on our country has affected his business badly.  Recently, he had to retrench three of his staff and liquidate three of his trucks.

The rapid and seemingly unstoppable spread of Covid-19 in almost every part of the world has caused a major impact on global shipping markets, with the slump in demand for goods from China having a ripple effect on everything from container ships to oil tankers. The transportation industry too, is not spared from the extreme challenges caused by the pandemic.  The  health crisis of the nation has roiled supply chains and inflicted financial hardship on many transportation and logistics companies.

Although logistics drivers have been exempt from the non-essential business closures and shelter in place orders implemented by the authorities around the world, there are disruptions that could not have been avoided even with careful preparation. There have been incidences of long waiting times at pickup and delivery points due to a lack of on-site staff, which has disrupted and clogged up many receiving schedules and caused slower than usual turnaround times for freight.

As many manufacturers, restaurants, retailers, hotels and other businesses temporarily closed down or slowed production, freight volumes drop precipitously in tandem.  If you are in the shipping and logistics sector and are looking for ways to find jobs and shippers, freight bidding or shipping bidding is an effective way to increase your presence.

The main advantages of shipping bids is that the customers get better rates and more value for their money as there are so many shipping and truck companies bidding for the job. On the shipping firm’s side, freight bidding can boost capacity and strategic value simultaneously. Since bidding involves re-entering negotiations and working with more carriers, it can help shippers realize the benefits of a more extensive carrier network. Instead of focusing solely on individual areas, carriers can expand their reach.

When the shipping auction ends, the job is usually awarded to the lowest bidder, subject to the client’s discretion. The job may be awarded to a higher bidder with a better average feedback or review rating from past clients. Review ratings are used to break any ties for the lowest bid.

Online freight bidding sites or truck load boards are aplenty for both shippers and carriers to establish better ties.  One of the best online platforms out there is Shiply. There are thousands of jobs posted on the Shiply online platform daily, meaning you will always find something suitable for your needs. You can bid on work for truck loads if that’s your vehicle of choice. Or, if  you are looking for freight bidding, you will find many freight loads available to bid on all over USA.  At Shiply, you can get the most relevant matches for your business – the right load for the right truck or ship at the right price, no matter where you are.

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Author: Shireen

I am a WFHM of 3 lovely girls - Alycia, Sherilyn and Cassandra. I am a health, fitness and clean freak. I am a freelance content writer and occasionally help out my other half in his food catering business. I also do product reviews and accept sponsored posts on my blogs. I hope you'll enjoy reading my blog as much as I enjoy sharing my day-to-day adventures and mostly boring ranting :P Welcome to my blog! :)

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