Lorry lead lauctions • Can a truckload of freight lie
6th September 1986, Page 18
6th September 1986
Page 18
Page 18, 6th September 1986
— Lorry lead lauctions • Can a truckload of freight lie
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traded on an exchange like wheat or potatoes? The organisers of Capacity Exchange Inc (CAPEX) in Grand Rapids, Michigan, USA, believe it can, and are counting on carriers and shippers alike to participate in an electronic exchange that will open after Labor Day.
The fair market value for handling a truckload shipment from any two points will be established by the bids carriers make for the freight tendered by shippers. A shipper will electronically list a shipment with CAPEX. Contract motor carriers or private fleets will then bid to haul the load. Traffic Management, a Cahners publication, August.