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Methods and apparatus for connecting shippers and carriers in the third party logistics environment via the internet

a logistics environment and internet connection technology, applied in the field of logistics over the internet, can solve the problems of significant non-revenue-generating miles, estimated inefficiency in transportation expenditures in the u.s. today, approximately $82 billion dollars annually, etc., to achieve efficient matching of loads, reduce transaction costs, and create value

Inactive Publication Date: 2008-11-13
LEANLOGISTICS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

"The present invention is an online electronic marketplace for logistical services where carriers bid for loads and shippers purchase capacity. The system matches loads with carriers based on their quality of service and price. It provides efficient matching, reduces transaction costs, and creates value through visibility and automation. The system allows carriers to manage their capacity and provides better load to carrier matches. It also allows shippers to better understand the availability of carriers and negotiate better deals. Overall, the system provides a more efficient and effective way to match loads and carriers."

Problems solved by technology

For all of these market sectors, empty, non-revenue-generating miles are a significant issue.
Based on these numbers, the projected inefficiency in U.S. transportation expenditures today as a result of empty non-revenue generating miles is approximately $82 billion dollars annually.
Transportation brokers play a significant role in the truckload transportation market today, representing additional inefficiency in the supply chain.
The demand for their services is due to the fragmentation of information in the industry and the associated empty miles.
Most shippers and carriers have little alternative to paying this cost of doing business due to their limited visibility into the marketplace.

Method used

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  • Methods and apparatus for connecting shippers and carriers in the third party logistics environment via the internet
  • Methods and apparatus for connecting shippers and carriers in the third party logistics environment via the internet
  • Methods and apparatus for connecting shippers and carriers in the third party logistics environment via the internet

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Experimental program
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Embodiment Construction

[0042]Shipper interaction with a specific embodiment of the system of the present invention will now be described with reference to the screen shots of FIGS. 1a-8. FIG. 1a shows a login interface 100 which is presented to all users of the system, i.e., representatives of shippers or carriers, and system administrators. Upon entering his user name and password, the shipper representative is presented with a list of current messages as shown in interface 102 of FIG. 1b. As will be discussed, each system user may specify how they would like to be notified of various system events, e.g., e-mail, pager, web. If a user specifies notification by the web, he will receive all of his system generated messages in this interface. As shown, this particular shipper representative is being notified, for example, that one load has expired with no bids, and that another bid has been automatically accepted by the system on his behalf. The shipper representative is also receiving a price confirmation ...

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Abstract

An online electronic marketplace in which carriers bid for loads tendered by shippers, and shippers purchase the most attractive transportation services. The system described herein efficiently matches loads and capacities, lowers transaction costs, and creates value through enhanced visibility to information resulting in efficient transportation and financial transactions. According to specific embodiments, the present invention combines a neutral marketplace patterned after a stock exchange, with the electronic format of an Internet auction site to create a trading system for the logistics industry.

Description

RELATED APPLICATION DATA[0001]The present application is a divisional application and claims priority under 35 U.S.C. 120 of U.S. patent application Ser. No. 09 / 482,154 for METHODS AND APPARATUS FOR CONNECTING SHIPPERS AND CARRIERS IN THE THIRD PARTY LOGISTICS ENVIRONMENT VIA THE INTERNET filed on Jan. 12, 2000 (Attorney Docket No. LEANP001), which claims priority under 35 U.S.C. 119(e) of U.S. Provisional Patent Application 60 / 162,809 for METHODS AND APPARATUS FOR CONNECTING SHIPPERS AND CARRIERS IN THE LOGISTICS ENVIRONMENT VIA THE INTERNET filed on Nov. 1, 1999 (Attorney Docket No. LEANP001P), the entire disclosures of both of which are incorporated herein by reference for all purposes.BACKGROUND OF THE INVENTION[0002]The present invention relates to the facilitation of logistics over the Internet. More specifically, the present invention provides an online electronic marketplace in which carriers bid for freight tendered by shippers and shippers purchase the most attractive tran...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q99/00G06Q30/00G06Q10/08G06Q30/06G06Q30/08G06Q50/18
CPCG06Q10/08G06Q30/0611G06Q30/0619G06Q30/08G06Q40/025G06Q40/04G06Q50/188G06Q40/03
Inventor HALL, CRAIG T.POTTS, JEFFREY W.DERSHEM, DANBASS, ANDREW J.
Owner LEANLOGISTICS
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