Isn't the rate per mile model enough?
The rate per mile (RPM) model simplifies variable costs by assuming a fixed amount, but this can lead to inaccuracies, especially when considering fluctuating expenses like fuel. Bidspot takes into account these variable costs, helping you avoid underbidding and get the most accurate rates for your loads.
The Numbers
Freight profit margins continue to fluctuate due to continually changing market conditions
Third party dispatching has its place in the market and can be beneficial to an owner operator. Time matters, quick collaboration is a must to win contracts. Bidspot allows collaboration and encourages owner operators to make faster decisions with confidence.
Features
Know Your Miles?
Check your rate instantly.
Work with brokers faster.
Get an instant breakdown of your target baseline with your goals in mind.
Referencing the load boards you have access to, find a load that you're curious about to check on the rate.
Houston,TX -> Temple,AZ
$2415
[$2.07/mi]
Taking the miles from the load board posting, let Bidspot know about this to get your bid price.
1167 miles
Bidspot will feedback your target rates to pay bills as well as your profit target.
Modes include fixed profit margins per day or total percentage of a bid.
Whether your process is speaking with a dispatcher, directly negotiating with a broker, or self-dispatch, you have the information you need to stick with the posted load or continue to search for a better match.
Plan next week's schedule with your goals in mind.
Reference addresses, cities, and zip codes for your destinations.
Visualize deadhead costs between areas.
Calculate potential income for your trip.
Develop Your Intuition.
Visualize your route.
Create a rate map using your specific cost profile.
Use your current location or custom origin area to view your rate map.
Visualize rates for different regions in the U.S.
Get key information on a route path including number of days, miles, and your gross load targets.
Pricing
Get Started
Bidspot simplifies the process of negotiating and securing loads for trucking companies. With its user-friendly interface and innovative features, it streamlines the load matching process and saves time for both carriers and brokers. Get ready to experience the future of load negotiation.
*Please be aware that the subscription prices are subject to future updates.FAQ
Why is Bidspot unique?
Bidspot is unique because it allows you to analyze costs independent of any specific load board or brokerage platform. Other platforms often use a fixed price range for negotiations, but Bidspot allows you to create a customized cost profile to get a more accurate net estimate. This helps you make informed decisions and negotiate the best rates for your loads, even when variable inputs like fuel and driver pay are involved.
What problem is Bidspot attempting to solve?
With Bidspot, carriers and owner operators can streamline the process of finding and securing profitable contracts, saving time and maximizing their earning potential. Public load boards can be overwhelming and time-consuming, but with Bidspot, the process is simplified, allowing for quick and accurate negotiations in a rapidly changing market.
Can dispatchers use Bidspot?
Bidspot can benefit dispatchers by helping them secure loads and save time. By creating a cost profile similar to your clients, dispatchers can more easily negotiate rates and reduce back and forth with brokers and potential clients using Bidspot.
This can lead to increased profits for dispatchers.
Do I need a dispatcher anymore if I have Bidspot?
Bidspot can help you streamline your load contracting process and save time and money, but whether or not you still need a dispatcher depends on your specific situation. Bidspot can be a more cost-effective option than hiring a dispatcher, especially for small fleets or single owner operators who may incur significant fees from dispatchers charging a percentage of each load contract.
Consider your current benefits with your dispatcher beyond load rate negotiations before making a decision.
Can brokers use Bidspot?
Bidspot can benefit brokers by helping save negotiation time by encouraging carriers to use this model to negotiate rates around their cost profile. By understanding the cost profile of carriers, brokers can push quotes within range and reduce back and forth with carriers using Bidspot.
This can lead to increased profits for brokers (based on volume and time saved).
What devices can I use Bidspot on?
Currently, Bidspot is only available on iPhone. However, we are considering expanding to other platforms in the future.