Bid Freight Logistics, Inc., is a business-to-business, web based exchange that provides an ASP hosted load execution and procurement system for transportation and logistics professionals.  The system tool provides both for load tendering to contracted rate and dedicated carriers (logistics based), and for public bidding through a reverse auction model for spot market and unfilled loads (transactional based).  Additional value ads include template storage of rate and lane information as well as sell price information and margin storage by lane for third parties, shipper load dispatch sheets, on-line documentation, electronic files, back office applications that relate to freight payment and freight audit, and an integrated wireless trace and track offering targeted at  private fleets.. 

The company markets two primary products, a Network or direct shipper/carrier product, and a 3PL Product for brokers and 3PL’s.  Recently, however, BFL has added a new market offering to its product suite at the request of our larger Network customer base, that of an Internet Logistics Operator. This model provides total outsourcing capabilities for our larger clients including lane pricing and operations execution using the Bid Freight Logistics suite of tools. The Bid Freight Logistics solution is a load execution and procurement system versus a planning system.  Its ubiquitous and robust technology applications are highly scalable and adaptable to multiple user types and easily integrate with customers’ legacy systems used on the planning side.

As members of our exchange, clients not only benefit from the robust cost and time saving process applications provided in our product suite, but also from the extensive collaborative effect derived from the community created by our multiple member organizations and strategic partners working together to coordinate processes and optimize asset utilization across their supply chains.