What is a transport exchange? How to use it?
In the world of modern logistics, speed, transparency of offers and easy access to reliable contractors are what count. A transport exchange is a response to these needs โ an online platform that connects companies looking for transport with carriers who have vehicles available. Thanks to this digital tool, thousands of transactions are made every day between companies from all over Europe.
In this article, we explain exactly what a transport exchange is, who can use it, and what benefits and challenges it brings. You will also learn how to start working with the platform to really boost your company’s efficiency.
What is a transport exchange?
Not every company has its own fleet, and not every carrier has all its routes filled. The transport exchange was created precisely to complement this logistics system in real time.
A transport exchange is a specialised online platform that enables quick and transparent matching of transport offers with available loading space. It can be compared to a virtual marketplace where two parties meet: shippers (load owners) looking for transport for their goods and carriers with suitable vehicles. Offers are published in real time, allowing for immediate response to market needs.
The principle of the exchange is simple โ shippers enter the details of the transport: loading and unloading locations, delivery date, parameters of the goods, type of trailer required and the proposed rate. Carriers and freight forwarders can view available transport orders and add information about available vehicles and routes.
Such tools are used throughout Europe โ by large transport companies, small businesses, independent carriers and freight forwarders who organise transport on behalf of their customers. Thanks to exchanges, it is possible to plan work efficiently, reduce empty runs and increase the profitability of orders.
Read also: What is intermodal transport? When is it worth using? >>>
Transport exchange โ how to use it?
Although a transport exchange may seem complicated at first glance, it actually works in a logical and intuitive way. Its operation is similar to the purchasing process in an online store โ with the difference that instead of a list of products, we have offers of loads and available vehicles.
Step #1 โ User registration and verification
Using a transport exchange starts with creating an account and completing the verification process. Only after these requirements have been met can you access the platform. The user must provide company details and submit required documents โ e.g. CEIDG or KRS entry, transport licence and OCP or OCS insurance policy. This applies to both carriers and customers.
This process increases the security and transparency of transactions. Thanks to this, users can be sure that they are working with legally operating companies. In addition, many platforms offer rating systems, reviews and reliability indicators that make it easier to choose a reliable contractor.
Step #2 โ Publishing and viewing offers
After creating an account, users gain access to thousands of current listings. Depending on their role โ carrier or customer โ they can independently publish transport offers or view available loads and vehicles using advanced filters and system prompts.
Clients post transport orders, specifying, among other things, the place of loading and unloading, the deadline, the characteristics of the load (e.g. weight, volume, type of packaging), vehicle requirements and the proposed rate. Some exchanges offer automatic field completion based on the description entered or previous advertisements.
In turn, carriers can actively search for available loads on a route that interests them or add information about available vehicles, indicating their location, availability, body type and other technical parameters. On this basis, customers can browse vehicles that meet their requirements and submit transport proposals to the carrier that match their route and vehicle. This allows the carrier to receive offers without having to search for specific loads themselves.
Step #3 โ Negotiations and conclusion of the transaction
Once an interesting offer has been found, whether for a free load or an available vehicle, the next step is to contact the customer or carrier. On most platforms, this is done via a built-in messenger, which allows for direct exchange of messages, including asking questions about the details of the offer and negotiating the terms of cooperation. Some exchanges also offer an automatic message translation feature, which facilitates international communication.
Negotiations may concern the price, delivery date, payment terms or specific transport requirements, such as ADR, refrigeration or side loading. Some exchanges also offer the option of bidding for orders, where carriers propose their rates and the client selects the most advantageous offer. It is worth having a price list or a framework model of operation ready, which will speed up the finalisation of negotiations.
The contract is usually concluded directly on the platform, although in the case of regular cooperation, the parties often sign additional agreements outside the exchange. More and more services offer electronic order confirmations and document archiving systems, which allow for better control over completed orders.
Step #4 โ Monitoring and order fulfilment
Once the contract has been concluded, it is time to actually perform the service. Modern transport exchanges offer a range of tools to help track the progress of an order in real time โ from loading to delivery of the goods to their destination.
Thanks to integration with GPS systems, both the customer and the carrier have access to up-to-date information on the location of the vehicle. This facilitates communication, reduces the number of phone calls and allows for a faster response to unforeseen situations on the route.
After the transport is completed, the parties often rate each other, which affects the visibility and credibility of users on the platform. The feedback system helps build relationships with business partners and facilitates subsequent transactions.
The use of such platforms is therefore based on a simple but effective scheme. The better the user understands how transport exchanges work in practice and learns about the available features, the greater the business benefits they will derive from them.
Types of transport exchanges
The market for digital transport platforms is growing fast, and the exchanges themselves vary in scope, type of users served and features. This allows you to choose the solution that best suits your company’s needs.
Public and private exchanges
On public exchanges, offers are available to all users of the platform. This is a good solution for companies looking for new partners or one-off orders. Private exchanges, on the other hand, only allow cooperation within a closed group of verified contractors. They offer greater control and stability of cooperation.
National, international and specialised
National exchanges focus on offers from a single market, which is useful for companies operating locally. International platforms handle orders throughout Europe and beyond. There are also specialised exchanges dedicated to specific types of transport, such as ADR, refrigerated or oversized transport.
B2B vs B2C exchanges
Most transport exchanges operate on a B2B model, serving freight forwarders, carriers and shippers. However, there are also B2C platforms that connect private individuals with carriers for services such as removals or single shipments.
Transport exchanges differ in their scope of operation, functionalities and target group. Choosing the right type of platform allows you to better tailor it to your company’s needs and increase the efficiency of your logistics operations.
You may also be interested in: How to prepare goods for international transport? A guide for exporters >>>
Advantages of using a transport exchange
Transport exchanges are becoming an indispensable tool for companies operating in the TSL industry. Their functionalities support the daily organisation of transport, increase its efficiency and enable the real growth of many companies.
Below are the most important benefits offered by modern transport platforms:
- Saving time and money
This is one of the biggest advantages of a transport exchange. Thanks to a centralised database of offers, you no longer need to make numerous phone calls or send dozens of emails. A transport exchange allows you to quickly compare price offers and select the most advantageous transport option โ directly from the platform. - Reduction of empty runs
Carriers can easily find return loads or additional loads on a given route, which increases fleet utilisation, minimises operating costs and reduces COโ emissions, supporting more sustainable transport. - Access to thousands of transport offers in real time
Modern exchanges ensure that listings are updated quickly, giving users constant access to current orders and available vehicles. They can be filtered by load type, route, body type or preferred loading date. - Greater operational flexibility
Platforms allow you to respond quickly to changes in demand, emergencies or seasonal fluctuations. They enable you to conclude transactions even at the last minute, without the need to engage additional resources. - Building a network of trusted business partners
A transport exchange facilitates the establishment of new contacts and the building of relationships with reliable contractors (e.g. trusted carriers). Rating and review systems, as well as the ability to create private partner databases, help to foster long-term cooperation. - Security and payment guarantee
Most reputable platforms verify users’ company data and provide security-enhancing tools such as real-time shipment monitoring, rating systems and even services that guarantee timely payment. - Automation and integration with TMS/CRM systems
Advanced transport platforms support integration with logistics management software, enabling even better planning and execution of orders. Some offers can be created and adjusted automatically, e.g. with the help of artificial intelligence (AI).
A transport exchange is therefore not only a convenient tool for searching for offers, but also a comprehensive platform supporting the development of businesses in the TSL industry. It facilitates everyday work, improves profitability and increases the security of cooperation between companies.
Challenges associated with using a transport exchange
Although a transport exchange offers many benefits, it is not a tool without limitations. Using it requires caution, proper preparation and awareness of potential difficulties.
Below, we discuss the most common challenges that users of transport exchanges may encounter:
- Final verification of contractors is the responsibility of the user
Most platforms carry out basic verification of companies, but it is the user who is responsible for thoroughly checking the contractor. Failure to do so may result in cooperation with a dishonest partner or the risk of payment delays. - High competition and price pressure
On popular exchanges, a single order can attract dozens of offers from carriers. As a result, rates tend to be undercut, and competition for customers can lead to poorer financial conditions and a decline in service quality. - Platform access costs
Access to the full functionality of a marketplace often involves subscription fees or commissions on completed orders. For smaller transport companies, these can be significant operating costs that affect margins. - Fast pace and the need for constant availability
Exchanges operate in real time, which means that attractive offers disappear quickly. Users must be constantly active so as not to miss the best opportunities. - Limited control over the execution of transport
Senders often do not have full control over the execution of an order. Unlike working with a regular partner, this can mean a higher risk of delays or non-compliance with agreements. - Risk of cyber threats and data theft
Using online platforms requires sharing company and contact details. Lack of adequate security measures can lead to abuse or hacking attacks. - Longer payment terms โ especially on public exchanges
Payment terms are more favourable in direct cooperation. On exchanges, they can be as long as 60โ90 days from the date of submission of transport documents.
Effective use of a transport exchange requires not only knowledge of its functionality, but also awareness of the risks. Caution, partner verification and appropriate security measures are the basis for safe cooperation.
Summary
Transport exchanges are one of the key tools in the TSL industry today. They facilitate the organisation of transport, reduce the time spent searching for orders and carriers, and increase the operational efficiency of transport companies and shippers. Thanks to wide access to freight and vehicle offers, rating systems and process automation features, these platforms allow you to respond effectively to the dynamic needs of the market.
Although the use of exchanges involves certain challenges, the right selection of contractors and conscious use of platforms minimise risk and allow you to reap real benefits from their functionality. It is a flexible, modern solution that supports the development of logistics, both locally and internationally.
Frequently asked questions (FAQ)
What is the best transport exchange? What are the best transport exchanges?
There is no single โbestโ platform for everyone. Large transport companies often choose international freight exchanges such as Trans.eu, TIMOCOM or Teleroute, which offer a huge number of transport offers in real time and advanced additional services, including shipment monitoring, integration with TMS systems and payment guarantees. For smaller carriers, a free transport exchange such as Clicktrans or Spedimo, which offers lower entry costs, may be a good choice. The choice depends, among other things, on the scale of operations, transport directions and the expected level of automation.
What types of transport exchanges are there?
Transport exchanges vary in scope, functionality and target group. We distinguish between public exchanges, available to all users, and private exchanges, limited to trusted business partners. In terms of scope, they operate locally or internationally, mainly in Europe (including the United Kingdom). There are also specialised exchanges, e.g. for refrigerated or oversized transport. The choice depends on the type of cargo, the route and the company’s needs.
Where to get transport orders?
The most reliable source are freight exchanges, where thousands of new ads are posted every day. There you can find both available loads and transport orders matched to your specialisation or available vehicles. It is worth creating an account on several platforms and monitoring offers using quick refresh systems, which increase the chance of concluding a contract with a customer.
How to search for loads for a truck?
When searching for loads for a high-tonnage vehicle, it is worth using the filters available on transport exchanges โ e.g. specifying the type of vehicle, weight of goods, direction, loading time or rate. Some platforms allow you to save your preferences and automatically search for matching orders. It is also worth keeping an eye on return loads, which increase the profitability of the journey and reduce empty mileage.