Reduced cost per shipment by tendering to the “best”
carrier(s) in sequence, based on your rules.
Rate Management (RMS) can act as a stand-alone rating
engine and/or mirror your rate database(s).
Rates can be based on multiple criteria, such as:
- Mode, carrier, equipment, customer, city, state, zip ranges, zones, equipment types, commodity, etc.
- Mileage, flat, minimum, ton, hundred weights, quantity, etc.
Fuel surcharge and other accessorials are applied to each shipment to determine actual cost.
RMS is used to make cost-based tendering decisions and enable freight payment.
TransWorks provides an automated rating engine-Rate Management System (RMS) for our customers. RMS can also be leveraged to make cost-based tendering decisions and enable Automated Freight Settlement/ Auto-Payment. TransWorks can either host our customers’ rates as a stand- alone module &/or mirror rates by providing various interfaces to & from our customers’ enterprise system(s). Once Tendered, Rated and Accepted/ Assigned, a shipment specific accrual can be sent back to the enterprise. RMS also provides the ability for customers to allow their carriers’ visibility of the total freight charges for each shipment, broken out by base, fuel and multiple accessorials. As shipments move through the lifecycle and changes are made, RMS can trigger a re-rating process to ensure that customer freight accruals and carrier expectations for payment are reflective of the most up-to date information. Changes such as carrier assignment, weight, quantity, mileage, destination, stops, accessorials can all trigger a re-rate. Customers can also request a re-rate at any time during the shipment lifecycle by sending a re-rate update.