Methods and apparatus for connecting shippers and carriers in the third party logistics environment via the internet
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United States of America Patent
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Jul 1, 2008
Grant Date -
N/A
app pub date -
Jan 12, 2000
filing date -
Nov 1, 1999
priority date (Note) -
In Force
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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.
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