What is rate con? - Optym

The term “rate con” (short for rate confirmation) is a legally binding agreement between a freight broker and a carrier that the freight broker must provide for the carrier to sign before proceeding. Rate con documents govern all load details, including how much the broker or shipper will pay the carrier for the movement of the load.

But why is easy-to-set-up technology that creates an immediate, measurable ROI (and allows the speedy, accurate transmission of rate con documents) essential to running your business?

In short: The faster you bill, the quicker you get paid.

Margins can be tight. And labor is precious.

The more time a trucking software frees up for your back office and driver teams by automating as many processes as possible, the more you can direct your energy and time to locating profitable loads and creating full driver schedules.

Graduating from spreadsheets to improve outcomes

To speed rate con document receipt/upload and avoid tedious and wasteful time spent manually creating loads, consider employing LoadAi, the best trucking optimization software, which lets you:

• Connect to several load boards, including DAT—the preferred load board for trucking software. Every year, shippers and brokers post hundreds of millions of loads on DAT, resulting in more than 52 million transactions across 68,000 lanes.
• Upload rate con documents in PDF format directly into the trucking software to create a load with the relevant information automatically.
• Integrate with DAT to fill gaps in your drivers’ schedules and determine good options for your drivers’ subsequent loads. (To speed up and secure this process, freight brokers can provide this information via their contract if they use DAT Onboard with Assurasign.)
• See transportation KPIs (expected revenue, the loaded miles logged, deadhead trucking logged, etc.) more easily and identify areas for improvement.

Optym's customers use integrations with the top load boards to cut through the noise and find the best loads. According to users, some loads can come and go within minutes. Still, trucking software's ability to identify any holes in their schedule and pre-populate location information means they don’t waste time typing in destinations and can grab the best loads before they slip away. 

And on a more macro scale, Optym's trucking software is also connected with ELDs, market rates, maps, accounting systems, and everything else you need to run your business efficiently. Trucking software automates most of your daily functions. It also uses the latest transportation optimization technology to find the best loads for your drivers, factoring in their hours of service, geographical information, and personal preferences.

Optym's software solutions helps carriers improve efficiencies by automating the scanning and upload of important documents via digital document management. Optym's trucking software has a document scanning feature supports quick, intelligent scanning with high-resolution images, page edge detection, image rotation, multi-page documents, and automatic color/resolution optimization.