Logistics rates are not always easy to understand. Also, loading all the rates and carrier rules tariff data in you Transportation Management System (TMS) is even more challenging. Different carriers have different rate formats and even their pricing structures are also not same. Hence, finding the right ways of loading those rates in TMS require lots of knowledge as well as years of expertise.

Our dedicated teams work with the customers to interpret, analyze, validate and ultimately load the negotiated pricing into the customer’s rating application, so that the rates are available for any automated rating processes.

Rating application functionality can be very tricky to understand and different pricing formats makes it even more difficult to load the price in a proper and accurate manner.

Our teams are experienced working with various TMS software and rating applications which makes them experts in understanding pricing contract, Rules tariffs, Invoices and rating logics. Our 15+ years of pricing knowledge with all types of pricing contracts gives us a unique edge when it’s about loading the data correctly in your system.

Our teams are dynamic in that we can work directly with you or we can allocate associates to be solely dedicated to your team, whereby they are just an extension of your company and can work with your customers to collect rate cards or contracts and perform the necessary tasks on them. The team setup is determined by you, but we are willing to work with you to develop a solution that is best for your company. In the end, we will ensure all rate contracts are formatted and loaded securely in your rating solution/TMS and that the rate cards are always available to your customers for viewing purposes, if needed.

To manage logistics rates properly in TMS there are basically 5 most important things that one must have…

• Good understanding of all types of pricing contracts
• Proper understanding of Carrier rules tariffs
• Understanding of TMS Capabilities & functionalities
• Rating logics
• Able to handle and manage large data set.

STS Professionals are well trained in all these segments and hence able to provide best in class Pricing management that not only helps you get the right shipping cost but also helps in freight auditing. Our pricing experts having more than 13 years of experiences are capable of loading and managing all types of pricing contracts.

STS experts are capable of handling all types of pricings –

• US Regional/National/Local carrier rates & Rules tariffs,
• Small parcel rates, Truckload rates
• Ocean rates
• Air rates
• Fuel surcharge & all accessorial

STS freight rate management provides several benefits to improve overall Transportation management. These benefits include:

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  Cost savings: Our rate management process provides proper visibility into actual freight costs and enables accurate quotes with confidence that your team can use as the latest costs, allowing businesses to manage freight costs more effectively and leading to improve profit margins.
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  Rate analysis: Our Pricing management helps in proper rate analysis that can be beneficial while negotiating rates, improve carrier performance, Finding out right carrier mix and taking necessary business decisions.
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  Automated freight audit: Its really important to have all pricing rates loaded properly in the rating engine to make sure the auditing process runs smoothly. Our pricing management process can help in automated freight audit by loading all the rates in your rating engine.
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  Rate shopping: Access all the rates whenever its needed thorough you TMS rate shopping.
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  Improved communication: Our freight rate management provides a clear and concise way of communicating complex data to stakeholders across the organization. This helps ensure that everyone is on the same page and working towards the same goals.
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  Better decision-making: STS freight rate management provides accurate pricing data that can be used to make informed decisions about your Transportation management.
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  Increased efficiency: STS freight rate management helps businesses identify areas for improvement in their supply chain processes, thus leading to increased efficiency throughout the entire system.