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Shippers and carriers are
enrolled as members of the Bid Freight Network, each with their
respective privileges and responsibilities. Shippers must be credit
worthy and carriers must demonstrate the highest quality of professional
service delivery.
Shippers initiate a transaction by posting
truckload freight to the system. These loads are viewed for bidding
(and subsequent optional negotiation) directly by carriers. The
carrier views a load based on his profile, which includes the type
of equipment that he can make available and his origin - destination
requirements.
Shippers
evaluate the received bids and award or decline as appropriate.
Upon notification of award, the carrier has the option to accept
or decline. If accepted, the system sends an electronic proof of
delivery (POD) to the carrier.
The POD is presented by the carrier at the
shipper's point of origin as authorization for pick up. Upon delivery,
the POD is signed by the consignee and given to the carrier.
The carrier sends the signed POD to bid
freight logistics. A match is made between the records of consummated
transactions and signed POD's. This match triggers payment to the
carrier.
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