Convoy ups its number of TMS partners to 12, for dynamic pricing capability

Late last week, Seattle-based digital freight network Convoy heralded new partnerships with various transportation management system (TMS) service providers.

The TMS partners include: Blue Yonder (previously JDA), FreightPOP, Recon Logistics, Shipwell, and SwanLeap.

Convoy officials said that this announcement now brings its total TMS integrations to 12, which, it added, makes the Convoy digital freight network (DFN) pricing capability the most widely available in the industry,” adding that through the integrations, transportation teams can instantly book backup and spot freight with Convoy’s real-time rates and 100% coverage guarantee, saving thousands of hours annually and up to 21% compared to spot rates.

“These partnerships are important because they enable our TMS and related platform partners to offer Convoy’s automated real-time prices with guaranteed capacity to our mutual customers,” a Convoy spokesperson told LM. “In partnering with a broad array of TMS leaders, we offer shippers increased freedom to tap into these benefits and automatically book within their TMS platform of choice. This saves time and money and provides shippers with a better, more seamless experience.” 

What’s more, the spokesperson added that Convoy’s digital freight network (DFN) dynamic pricing capability is the most widely available in the industry, providing its customers with a more seamless experience.

“As tender rejections reach near-historic highs, the need for reliable backup coverage is more critical than ever,” he said. “Enabling our shippers with guaranteed, quality capacity they can immediately book is a win-win.”

When asked if Convoy has plans to expand its number of TMS partners in the future, the spokesperson said that it is driven by customer demand, which is how the company prioritizes TMS integrations.

“We have already added 12 this year, and we expect that rapid momentum to continue throughout 2020,” the spokesman said. “There are more partnerships in progress and you can expect to hear more on those soon.”

Convoy initially rolled out its dynamic pricing offering in 2018, in order to respond to when primary carriers reject freight, which is viewed as the traditional approach to backup wastes hours and can force logistics teams to pay a premium on the spot market.  

And the company added that this approach helped to set an industry standard, through machine learning to instantly generate rates backed by a 100% coverage guarantee.

With dynamic pricing, load planners save hours trying to cover every rejected tender, and rest assured knowing that their shipments don’t fail over to the spot market,” it said. “By exposing this capability through a secure API, Convoy can integrate dynamic pricing into transportation management systems, giving load planners access to instant rates directly within their existing routing guide. Prior to today’s announcement, Convoy had established TMS integration partnerships with BluJay, MercuryGate, Oracle TMS, One Network, Emerge, Teknowlogi, and Logistically. Since the launch of dynamic pricing in 2018, Convoy has provided instant, guaranteed rates for nearly half a million loads from leading shippers across industries.”