Freight Rate Management
Compare and Manage Ocean Freight Rates in One Platform
BuyCo centralizes rates and contracts by carrier, route, and container type in one platform, so teams can compare pricing, track allocation usage, and catch invoice discrepancies before they’re billed.
A freight rate management platform centralizes negotiated rates and contracts, by carrier, route, and container type, so teams can compare pricing without cross-checking separate spreadsheets or contract PDFs.
BuyCo pre-calculates freight costs from actual volume against contracted rates before carriers invoice, flagging billing discrepancies early instead of leaving them for finance to catch after payment.
Centralize All Freight Rates
and Contracts
BuyCo brings all your freight rates and transport contracts into one place, no matter their structure complexity. Access, manage, and update contract terms and costs by container type, carrier in a few seconds.
BuyCo’s rate management system handles:
- Transport contracts with rates organized by allocation pools
- Ocean carrier rates from place of receipt to place of delivery, by container size/type
- Carrier haulage rates for inland legs
- Merchant haulage (origin & destination) from stuffing to stripping across all transport modes
Keep Your Freight Contracts Up to Date
Maintain accurate and current contract data with fast editing tools tailored for logistics teams.
- Create new rates in just a few clicks, including key details such as route legs (origin to destination), container size/type, and associated costs.
- Update contract details instantly as new tenders or spot rates are received.
- Ensure all teams work with the latest rate information to avoid costly errors
Maximize Contract Usage
with Allocation Management
Maximize contract usage and avoid penalties with real-time visibility on space allocations across all carriers.
- Track consumed and remaining allocations as you book
- Prevent overbooking and stay within contract limits
- Let BuyCo Smart System recommend the best carrier based on allocation status
- Monitor usage by contract and carrier to reach 100% allocation utilization
Share Rates with
Your Partners
BuyCo lets you securely give access to your negotiated freight rates to suppliers, forwarders, and authorized partners, ensuring bookings always use accurate, up-to-date pricing while maintaining cost control.
- Effortlessly share freight rates with suppliers, freight forwarders, and partners authorized to book on your behalf
- Guarantee pricing accuracy by ensuring all bookings align with your contracted rates
- Maintain complete visibility and control over costs, even when shipments are managed externally
- Enhance collaboration and streamline operations across your extended logistics network
Get Total Freight Cost Visibility for All Teams
BuyCo delivers accurate rate data and consolidated spend insights that drive efficiency across sales, finance, and logistics.
- Provide sales teams with current rate information to ensure accurate quotes that incorporate freight transport costs.
- Centralize freight spend data to give finance and logistics a clear, consolidated and accurate view of transportation costs.
- Empower your logistics team to make informed decisions with complete, real-time visibility into your freight costs and identify cost-saving opportunities.
Make Freight Audits Easy and Improve Cost Accuracy
BuyCo delivers the data and insights you need to confidently track actual spend and identify discrepancies. The platform enables you to compare invoiced amounts against contracted rates, ensuring billing accuracy.
- Calculate freight costs before invoicing: BuyCo pre-calculates costs based on actual volume consumed at contracted rates, before carriers issue invoices.
- Identify billing discrepancies: Detect inconsistencies and potential errors early to support timely resolution.
- Focus on exceptions: Enable your team to reduce overpayments and save time by concentrating only on billing issues.
Fully Integrated with Your Existing Freight Rate Platforms
Maintain accurate, up-to-date rate data by seamlessly connecting BuyCo with your current rate management systems. Our platform ensures your freight rates stay synchronized and centralized for streamlined operations.
- Seamless integration: Connect effortlessly with third-party rate management platforms via API, EDI, or file upload
- Automated syncing: Keep your rate database continuously updated without manual intervention
- Centralized management: Handle all rate-related tasks like uploads, updates, and sharing directly within BuyCo for greater efficiency
Ready to streamline your supply chain?
Set up a personal demo and see how BuyCo will transform your ocean freight booking operations.
FAQ
What is Carrier allocation management?
Carrier allocation management means tracking how much space a shipper has used against each carrier’s contracted allocation, by lane and container type, so bookings stay within volume commitments and don’t lose access to negotiated rates. BuyCo tracks allocation usage in real time across all carriers and contracts, and its Smart System recommends the carrier with available capacity before a shipment is booked.
What’s the best platform to compare ocean freight rates?
The best platforms centralize contracted rates by carrier, route, and container type in one place, so teams compare pricing without checking separate contracts or spreadsheets. BuyCo does this and also pre-calculates costs against contracted rates before invoicing, so discrepancies are caught before payment rather than after.
What is freight rate management software?
Software that centralizes carrier contracts, rates, and space allocations so shippers can manage pricing, prevent overcharges, and audit invoices against contracted rates from one platform.
What’s the best carrier allocation management platform?
The best carrier allocation management platforms track how much space a shipper has used against each carrier’s contracted allocation, by lane and container type, in real time, so teams don’t exceed volume commitments or lose access to negotiated rates. BuyCo updates allocation usage per contract and carrier as bookings are made, flags remaining capacity before a shipment is confirmed, and lets its Smart System recommend the carrier with available allocation.