Uber Freight has recently announced the availability of Market Access, an expansion to its real-time freight procurement offerings. This procurement channel enables shippers to source capacity directly on the Uber Freight marketplace with confidence and visibility into costs. With Market Access, shippers can place loads directly on Uber Freight’s marketplace of and use Uber Freight’s AI-powered pricing algorithms to competitively source capacity. Upon delivery, shippers will pay the carrier cost realized on the Uber Freight marketplace plus a pre-agreed-upon fee, gaining full cost transparency. Shippers who need additional control can log in to Uber Freight Enterprise to apply pricing guardrails or change the pricing priority for particular loads. This lets them influence the marketplace outcome based on current needs and specific lane knowledge.
“We decided to introduce Market Access at LG both because of the trust we’ve built up with Uber Freight and because there was such a unique need for a procurement offering like this. Market Access allows us to access competitive rates on inconsistent volume, especially important in a tight market. Every time Uber Freight rolls out a new feature or product—facility ratings, Powerloop, dedicated lanes, Market Access, and so on—we’re always eager to introduce it to the team and into our workflows,” said Paul Heffernan, VP of Supply Chain at LG Electronics USA.
Market Access helps shippers source capacity for all their unplanned freight, including volume surges, low volume and volatile lanes. For this type of freight, Market Access enables shippers to source capacity in real time while maintaining market visibility and control over cost. This procurement offering can be used alongside any TMS solution, letting shippers introduce it into their procurement mix immediately. Upon onboarding to Market Access, Uber Freight will provide contract-like levels of service for short-term freight needs, including offering reporting so that shippers can validate their cost savings.
