The trusted platform for intermodal excellence
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FREIGHT PAYMENT
to providing customers with optimal advanced payment and auditing services . However , this is just a prelude to turning the information into actionable insights via the companies ’ proprietary software .
For instance , CT Logistics provides sophisticated services , such as cost analyses . By applying artificial intelligence to vast data sets , clients can make more informed decisions regarding shipping “ parcel , less-than-truckload , truckload , final mile , etc . — this gives our clients opportunities to choose ,” Miner said . The company does a deep dive into client data .
“ We price out all of their previous shipment history , the new pricing … to show them who really has the best prices ,” added Miner .
“ It ’ s not just the big lollipop with the biggest discount ,” he said . “ It ’ s really when you add accessorials , fuel , restrictions on lanes , etc . that you get the true picture of who has best cost for the best service and the best lanes . It ’ s eyeopening for our clients when they see the detailed analysis we do .”
As such , this provides a considerable value-add proposition to FAP services that customers receive .
“ We ’ re able to help them beyond mere freight payment and audit [ to ] give them this visibility , accurate data and providing them with [ the ] bottom line on how to route their shipments ,” Miner added .
The company ’ s CT Lion ( Logistics Intelligence Optimization Network ) platform determines the lowest price for a client ’ s shipping lanes by running “ what if ” scenarios . These span multiple iterations of the many legs of the freight ’ s journey from East Asia , for example , to the last mile in the United States .
“ There might be five or six different carriers involved . [ Each has ] components of the delivery mode and model that must be taken into account so that our clients understand how to best route their shipments ,” Miner said .
Every freight auditing and payment company ’ s clients also have bespoke requirements .
“ Being able to be nimble and identify and provide the product services and technology that each individual customer [ needs ] at the time — that ’ s where the challenge is … and being able to do that on a global scale ,” Snavely said .
CT Logistics is winning considerable new business from rival providers who fail to meet their customers ’ expectations , Miner noted .
“ Right now , we ’ re getting a lot more traction from competitors as opposed to new prospects in the marketplace ,” he said . “ Our current focus is to keep making our product better and better by taking available technologies and building them into our products .”
FAP is also becoming more complex as importers diversify their supply chains to make them more robust and less prone to disruption .
“ That creates an opportunity in terms of providing greater digitalization , higher visibility , more predictability and a need for expanded automation ,” Mansuri said .
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The trusted platform for intermodal excellence
A leading provider of SaaS platforms and applications , Advent eModal ( AeM ) streamlines the operations of key stakeholders moving cargo through the landside supply chain . The eModal ® platform is the world ’ s largest port community system serving intermodal operators in North America , Australia and the United Kingdom . Active in every US port , AeM ’ s solutions are at the core of operations in eight of the top 10 largest port communities in North America .
Based in Somerset , NJ , AeM takes great pride in belonging to the intermodal and logistics community . With unwavering commitment , the company is dedicated to delivering innovative solutions that drive supply chain optimization , benefiting not only the United States but also spanning across the globe .
AeM is constantly upgrading and evolving systems to meet the industry ’ s changing requirements . Its applications offer execution tools and APIs that improve cargo visibility , appointment scheduling , payment processing and data-enabled business intelligence . More than 85 global port authorities and container terminals , over 200 inland depots , and 310,000 active users trust AeM and its SaaS platforms such as eModal . com , chassis . com and envio360 . com to optimize daily operations and process over 250 million monthly cargo transactions .
Throughout the logistics community , AeM has strong relationships with port authorities and terminal operators and is known for having a loyal customer base , deep institutional knowledge and a reputation for excellence . AeM helps stakeholders optimize operations , reduce turn times , drive efficiency and increase throughput .
AeM developed eModal Fee Manager , the world ’ s largest intermodal fee settlement platform . eModal Fee Manager provides interconnectivity and interoperability by processing payments for ocean carriers , marine and rail terminal operators , motor carriers , freight forwarders , third-party logistics providers , and beneficial cargo owners . This fee management solution automates payments , increases utilization , enhances data connectivity , improves proactive management and reduces processing fees , setting a new standard in payment innovation . n
40 Journal of Commerce | June 17 , 2024 www . joc . com