Published August 16, 2022
Shippers and logistics service providers have seen unprecedented levels of volatility in addition to the normal ebbs and flows of transportation demand and capacity. The traditional methodologies to plan and contract freight with the annual RFP have fallen apart as this increased volatility has made it nearly impossible to contract with certainty for any length of time.
Recently, shippers have begun conducting more frequent mini-bid RFPs throughout the year to attempt to gain more control over their shifting capacity needs. However, these frequent mini-bids only introduce additional uncertainty for carriers who see decreased line of sight into their businesses, which has cascading effects on what they’re able to promise shippers.
We introduced Leaf Adapt last year to address this market volatility head on and give shippers a better way to understand their true capacity needs and take proactive actions throughout the year as the changes to their business and market conditions dictate.
Leaf Adapt has found success as more and more shippers see the value in taking a new approach to how they plan and contract capacity. Shippers like AB InBev are using Adapt to rethink the annual RFP and gain a forward view of their true capacity.
Today we’re proud to share that shippers are seeing 98% tender acceptance with Adapt while reducing the need for costly last minute spot coverage, delivering savings compared to what they previously paid without Adapt. With Adapt, shippers lock in favorable rates and reliable service.
So, how did we get here? Adapt applies machine learning to a shipper’s data and marries that with data from across our transportation Grid. This process identifies the best connected circuits that eliminate empty miles and make favorable routes for logistics service providers. To date, we’ve identified more than 2.7 million coordinated routes across the Leaf Grid.
Shippers have seen success with Adapt and have quickly scaled to run their entire transportation data through the Adapt engine in order to make the best contracting decisions across their entire truckload transportation portfolio.
Leaf Adapt will continue to offer shippers a new way to solve for market volatility by locking in significant savings and high levels of service. Additionally, Adapt architects circuits for carriers that eliminate empty miles and the associated carbon emissions, making it easier for the transportation industry to prioritize sustainability initiatives and reduce scope 3 emissions.
With Adapt, we’ve identified up to 291 million lbs annually of potential scope 3 carbon emissions reductions, and this number will continue to grow as we add more shippers and logistics service providers to the Leaf Grid.
If you’d like to learn how Leaf Adapt can help you build a more resilient transportation portfolio, get in touch.
