TMS – Effective and Efficient Transport Management
Managing transportation within companies is not an easy process.
Knowing current fuel prices is very important because they influence other decisions such as increasing or decreasing freight rates and optimizing processes. Investing in modern solutions allows managing the fleet and transportation costs efficiently, sustainably, and automatically. One such solution is the TMS Falcon system, which includes a feature responsible for monitoring fuel costs—automatic fuel adjustment.
Fuel adjustment (fuel surcharge) is responsible for increasing the freight charge to account for fuel price increases but also decreases the charge if fuel prices drop. The automatic fuel adjustment in the TMS Falcon system enables companies to manage costs by indexing rates based on current fuel prices. This innovative solution allows prices to be rapidly adjusted to changes in market fuel prices by using advanced software that monitors real-time fuel prices. The system collects data, which is then used for calculations, providing insight into costs generated by transport, even down to individual vehicles. Thanks to integration with the TMS Falcon system, the calculation process is automated, eliminating the need for manual rate adjustments.
The automatic fuel adjustment in the TMS Falcon system improves operational efficiency and profitability for transportation companies. In particular, it impacts key processes such as: