project44 Launches AI Freight Procurement Agent to Cut Freight Spend and Accelerate Sourcing
· Source: morningstar.com
In short
project44 has introduced an AI Freight Procurement Agent that automates carrier selection, rate benchmarking, and negotiations across transportation modes. The system operates within project44's Intelligent Transportation Management System, continuously benchmarking contracted rates against market conditions and evaluating carrier performance. Early deployments show a 4.1% reduction in freight spend and up to 75% reduction in sourcing cycle times.
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Tags: procurement, freight, automation, transportation, sourcing, rates