Cheap2Ship is a digital freight quotation platform that centralizes and standardizes freight requests across multiple suppliers, significantly reducing the time to receive competitive offers. By streamlining the logistics process, the platform enables businesses to cut freight costs by up to 30% while ensuring compliance and transparency in negotiations.
Funding
$750K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses often face challenges in managing freight requests across multiple suppliers, leading to time-consuming processes and a lack of standardization. This can result in inefficiencies, increased costs, and difficulties in ensuring compliance and transparency in freight negotiations.
Solution
Cheap2Ship offers a digital freight quotation platform designed to centralize and standardize freight requests, significantly reducing the time required to obtain competitive offers. The platform enables businesses to create a single freight request and distribute it to their network of suppliers, receiving responses in a uniform format. With tools for comparing proposals using customizable tables and graphs, businesses can analyze offers and choose the best options, leveraging methods such as reverse auctions and closed-cost negotiations. By streamlining the logistics process, Cheap2Ship helps companies minimize operational expenses, reduce freight costs, and ensure compliance with anti-corruption regulations.
Target Audience
The primary target audience includes medium and large-sized businesses seeking to streamline their freight management processes, reduce costs, and improve compliance in logistics operations.
Features
- Centralized platform for managing freight requests across air, sea, and road transport.
- Standardized quotation format for easy comparison of supplier offers.
- Customizable comparison views, including tables and graphs, to aid decision-making.
- Reverse auction and closed-cost negotiation methods to optimize pricing.
- Integration with ERP, TMS, and other logistics management systems via API.
- Advanced freight search tool providing insights into market freight costs for maritime and road transport.
- Intelligent cargo tracking feature to monitor the location and progress of shipments from origin to destination.