Bidding and Rate Negotiation

  • Updated

What is Bidding on 123Loadboard?

Bidding is designed specifically to cut right to the point of negotiating a flat rate for hauling a load. It’s quick, interactive, and easy to understand; allowing you to book more loads faster.

How Does Bidding Work?

The bidding system on 123Loadboard allows carriers to start negotiating a rate just by opening up a load and clicking the “Bid” button.

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By clicking the “Bid” button, the carrier can send an initial offer to haul the load.

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All sent bids will be available in the “Bids” tab on both our website and mobile apps. You will be able to review all your bids, and you will get a notification on the bubble icon when you have unread updates on your bids.

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As a carrier, your bid may appear in either the “Bids” section or the “Interactive bids” section:

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If your bid falls under the “Bids” section, the load poster will respond to your bid through call, messaging or email.

If your bid falls under the “Interactive Bids” section, the load poster will respond to your bid through 123Loadboard’s bidding functionality. Load posters will have the option to accept or reject your bid and can also respond with a counteroffer.

Bids under the “Interactive Bids” window will fall under 5 different statuses.

  • Action Required - Action is required on your part to continue the bidding process.

  • Pending - The bid is waiting for action from the other party.

  • Rejected - The most recent offer was rejected.

  • Withdrawn - The most recent offer was withdrawn.

  • Confirmed - The most recent offer was confirmed.

Carrier Benefits Using Bidding

  • Real-time rate negotiation

  • Bidding icon will appear on all loads posted by the broker/shipper who have activated this feature

  • Carrier has a better chance of booking the load as the broker/shipper responds quicker

  • Motivates the load poster to take immediate action on a bid request

Important to Know

  • As a member of 123Loadboard, the bidding option is only available on truck loads where the broker or shipper enabled this feature.

Sending and Receiving Bids

Sending bids on 123Loadboard is easy and straightforward, but you may need some time to figure out how things work if you are new to the platform.

  1. Find a load that you wish to bid on

  2. Click the load to view load details

  3. If the “Bid” button is available, start by sending a bid to the load poster

  4. NOTE: If the “Bid” button is not available, the broker/shipper has not yet enabled this feature on their account. You should continue to book the load through other means.

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