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US 2013/0173412 A1Published application
Method And System For Controlling Freight Bidding
AssigneeLog-Net, Inc.
InventorsJohn Motley, Eric Barnes, Louis Masters, Logan Schobel, Michael Martinock
Life of this patent
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Abstract
A system and method for bidding freight transportation is disclosed. The system and method includes means for comparing bids and determining differences in the bids from different carriers based on a number of different input parameters. The system and method also includes means for comparing bids to a historical baseline and as the bidding process goes through an iterative process.
Claims10
A method of providing a freight bid to a party over a network, comprising a processor:
- receiving by the processor a completed bid request form from the party over the network, a completed bidding interface specifying a lane, one or more carriers and a plurality of parameters to specify a bid;
- accessing a database of historical bidding information including historical rate information by the processor using the lane and at least one of the plurality of parameters to determine a preliminary baseline of information based on the historical rate information related to the bid;
- transmitting by the processor of a bid form to the one or more carriers over the network, the bid form including the lane and the plurality of parameters to be completed;
- receiving a completed bid form by the processor from the one or more carriers over the network, the completed bid form specifying the lane and information relating to the plurality of parameters;
- accessing the database by the processor using the lane and the set of information related to the plurality of parameters to determine a second baseline related to the bid, the second baseline including rate information provided by a first carrier in a first and second round of bidding;
- and
- transmitting a bid comparison form by the processor to the party over the network, the bid comparison form including the preliminary baseline next to the second baseline and a freight rate based on an aggregation of values of at least one of the plurality of parameters including viewable rates of a plurality of moves of freight over the lane.
4 more elements
A system of providing a freight bid to a party over a network, comprising:
- a server being able to communicate over the network;
- the server including a memory to store data and a set of operating instructions and a processor in communication with the memory, the processor operable in accordance with the set of operating instructions to:
- receive a completed bid request form from the party over the network, the completed bidding interface specifying a lane, one or more carriers and a plurality of parameters to specify a bid;
- access the memory to retrieve historical bidding information including a historical freight rate using the lane and at least one of the plurality of parameters to determine a preliminary baseline of information based on the historical rate information related to the bid;
- transmit a bid form to the one or more carriers over the network, the bid form including the lane and the plurality of parameters to be completed;
- receive a completed bid form from the one or more carriers over the network, the completed bid form specifying the lane and information relating to the plurality of parameters;
- access the memory using the lane and the set of information related to the plurality of parameters to determine a second baseline related to the bid including rate information provided by a first carrier in a first and second round of bidding;
- and
- transmit a bid comparison form to the party over the network, the bid comparison form including the preliminary baseline next to the second baseline and a freight rate based on an aggregation of values of at least one of the plurality of parameters including viewable rates of a plurality of moves of freight over the lane.
6 more elements
Dependencies are inferred from the claim text.