It is no secret that effective Supply Chain Management (SCM) contributes in extending advantage to businesses. Freight management, an integral part of SCM, entails accurate real time information for best resource allocation and inventory management. Though freight management companies strive to be in tandem with technological advances, they fail to utilize the flair of internet technology. Technological restrictions and cultural issues are hindrances in adoption and implementation of latest trends. Again, the conventional method of freight management, which is inclusive of human involvement, is prone to errors. Thus, flawless carrier management in real time and correct decision making for appropriate investments in technology, have become uphill tasks for freight management companies.

MyFreightWorld, headquartered in Overland Park, KS, was founded in 2000 with resolve to expunge human error in freight management. The company has built an affordable online transportation management system, which avoids human intervention as far as possible and user receives quotes, tenders to the selected carrier, and tracks shipment and bills in real time. Application Programming Interface (API) and Electronic Data Interchange (EDI), integrals to the solutions, enable the user to locate the consignment in real time. With API and EDI running in the background, the solution records parameters such as shipment’s origin and destination, content, real time location and generates data sets. “We never had sample size large enough to forecast sectorial oscillations,” says Kevin Childress, CEO and President, MyFreightWorld. MyFreightWorld wields power of big data to analyze the customer behavior and industry mood based on received data streams. The solution is cloud based and thus confers it with stability, accessibility, and scalability. “The usage of cloud is highly profitable for us as it allowed us to update our solution with scalability and inexpensiveness,” Childress counts utility of cloud for his company. Banking on its data rich and cloud based platform, recently, the company launched ShipX, a direct carrier-freighting model. ShipX (shipxfreight.com) provides direct online carrier quotes and booking facility to the user.