Redwood Logistics (Redwood), one of the fastest-growing supply chain and logistics companies in North America, launches its real-time Rating API offering and announces the solution’s integration with Blue Yonder’s dynamic price discovery service. This connection will expose instant truckload rates to any customer directly within their TMS (or any other application), providing guaranteed capacity and superior buying capabilities to shippers of all sizes.
Redwood’s Rating API solution uses algorithmic load matching to provide customers with on-demand pricing and booking using a real-time API connection that integrates directly into existing transportation management systems (TMS). The Rating API adds another asset to Redwood’s integrated LPaaS (Logistics Platform as a Service) model, which connects its customers to the best industry solutions, services, people and technology, via RedwoodConnect™. RedwoodConnect™ is a proprietary, turnkey supply chain integration platform-as-a-service (iPaaS), designed to streamline the most complex integration cases.
“Our Rating API is the latest result from Redwood’s overall mission, to simplify connections and bridge communications between a company’s disparate technology platforms to improve operations,” said Michael Reed, Chief Product Officer, Redwood Logistics. “Perhaps most importantly, in addition to providing superior speed—the solution allows our customers to quote and book in a matter of seconds – the product is built on top of our proprietary, machine learning pricing module that delivers reliable service and guaranteed capacity for our shippers.”
Blue Yonder’s dynamic price discovery provides real-time digital connectivity for freight management, reducing shipping costs, and increasing profitability for shippers and freight carriers. The dynamic price discovery service is part of the Blue Yonder Network, built on the Blue Yonder LuminateTM Platform, powered by Microsoft Azure. Luminate Platform combines data from both internal and external sources – spanning shippers’ digital supply chain ecosystems – to leverage both artificial intelligence and machine learning, enabling smarter and more actionable business decisions.
“Working with a tech-forward company like Redwood Logistics to integrate our dynamic price discovery with their RedwoodConnect platform helps save shippers significant time and money while also providing faster speed to automation, improved visibility and better control. The integration will also drive more volume for Redwood Logistics, which is celebrating 20 years of innovation as it looks to continue to grow,” said Terry Norton, vice president, 3PL & Transportation, Blue Yonder.
Backed by Redwood’s 20 years of supply chain experience, the Rating API connects customers with Redwood’s prebuilt, robust carrier and private capacity networks, enabling one-click access to hundreds of carriers with a drag and drop functionality that delivers speed, security, and scalability.