bring together shippers who post loads and carriers who post their available capacity in order to arrange shipments; compatible shippers and carriers are matched automatically based on business requirements, price, and service.

Internet transportation exchanges

Explanation:

Internet transportation exchanges bring together shippers who post loads and carriers who post their available capacity in order to arrange shipments; compatible shippers and carriers are matched automatically based on business requirements, price, and service.

Internet transportation exchanges also known as freight exchange. It is an internet-based software application that operates as a marketplace by connecting transportation companies(carriers) with clients(shippers) who have product to move. Subscription or transaction fees are charged.

The transportation companies involved in freight exchange are called CARRIERS.

Information are readily available to both shippers and carriers. Such as price, available capacity of truck, location and so on.

It helps shippers move their loads to the desired destination. It also help to save stress and time of searching for carriers.

The carriers generate more revenue and they have more customers.