Transplace has released Freight Allocation Module (FAM) 2.0, a web-based application that optimizes transportation by allowing shippers to auction freight with approved carrier partners. With its enhanced functionality, FAM 2.0 offers authorized carrier companies improved visual presentation of available freight along with spot rate quotations in real time.

FAM 2.0 is an application in the company’s Transportation Management System (TMS) that gives carriers instant visibility to freight, allowing them real-time access and communication to bid on loads. It also allows users instant access to information on transportation services, minimizing miscommunication on routes and improving efficiency and accuracy of service for shippers. All types of manufacturers and retailers—importers and exporters—benefit from the FAM 2.0 automation tool’s ability to capture capacity quickly, generating tangible savings in all areas of freight transport.

The customizable FAM 2.0 provides greater flexibility in establishing how freight is presented to authorized carriers, and the amount of visibility carriers have into the progress of the auction. Authorized carriers may offer capacity for each load based on rates already established or based on shipper-established parameters. FAM 2.0 can also support a public exchange environment to secure capacity and rates in a backhaul, capacity-constraint market.

To learn more, visit www.transplace.com.