Schneider Logistics Launches New Bidding Tool for Shippers and Carriers

Web-based BidSmart intended to help optimize complex transportation networks

Web-based BidSmart intended to help optimize complex transportation networks

Green Bay, WI — January 3, 2006 — Lead logistics provider Schneider Logistics has launched the next version of its transportation bidding tool, BidSmart, with a new Web-enabled bidding system intended to optimize shippers' transportation networks by identifying solutions that lower costs and provide additional capacity, while helping carriers find increased loads for their networks.

Using a Web-based bid format, BidSmart enables pre-qualified carriers to view a shipper's transportation requirements and bid on individual lanes, or packages of lanes, that best optimize their assets. In turn, carriers can also enter their rates and service capabilities, create their own packages, review specific freight service requirements and analyze bid results. The added functionality of scenario analysis now enables shippers to perform on-the-fly trade-off analysis for easier comparison, Schneider said.

"Shippers benefit from improved service and capacity commitments at optimal pricing, while carriers can increase volume commitments on the lanes they service," said Dave Cobb, general manager of the Transportation Advisory Service at Schneider Logistics. "This tool creates a real 'win-win,' and we have seen proven results across various modes."

BidSmart is offered through Schneider Logistics' Transportation Advisory Service, the company's global transportation consulting service. BidSmart replaces the company's previous transportation procurement product, SUMIT CVA.

Schneider developed BidSmart for the Web with Trade Extensions, a provider of software for online negotiations based in Upsalla, Sweden.

Schneider Logistics is a wholly owned subsidiary of Schneider National, providing supply chain management technology, managed services, engineering services and freight payment.

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