GoodShip Announces Major Updates to Transportation Procurement Platform, Including AI-Powered Scenario Builder

After securing a spot in the prestigious FreightWaves FreightTech 25, GoodShip continues to innovate with the launch of industry-first features for truckload procurement and RFP awarding.

GoodShip Announces Major Updates to Transportation Procurement Platform, Including AI-Powered Scenario Builder

Press Contact: Paige LaNasa, Head of Marketing
pr@goodship.io
+1 469 708 8307

To Schedule a Demo: Nick Boston, Head of Sales
nick.boston@goodship.io

GoodShip, the all-in-one platform for network analytics, carrier management, and transportation procurement, announced their first major product update today. The changes include sweeping expansions to their transportation procurement tool and the addition of a robust scenario builder which recommends award allocations to optimize for savings and performance. This new functionality takes bid analysis out of spreadsheets and email, providing shippers with the ability to precisely prioritize awards based on real world constraints, assess the full range of potential award outcomes, and achieve their network objectives.

“GoodShip’s revamped procurement workflow is a major step forward for the industry,” said GoodShip CEO and Co-Founder Ryan Soskin. “Shipper reliance on spreadsheets and legacy systems has made running network-wide events time-consuming, resource-intensive, and error prone. At the same time, a lack of visibility into critical lane characteristics, such as seasonality and lead time, prevents carriers from bidding confidently – ultimately leading to inaccurate pricing and unreliable contracts.”

GoodShip’s comprehensive procurement solution unifies historical carrier performance, market rate benchmarking, and detailed lane-level data to streamline communication and eliminate manual analysis. This results in faster turnarounds, fewer errors, and more durable routing guides. The addition of an AI-powered scenario builder unlocks next-level precision and granularity for awarding freight. Any number of constraints, such as incumbency, asset, and service thresholds, can be tailored to meet shippers’ unique specifications at the lowest possible cost.

"GoodShip gives us all the tools and information we need to make quick, informed decisions when awarding freight and managing our network,” said Kevin Norris, Senior Logistics Manager at Central Garden & Pet Company. “Whether it’s running a bid, initiating a renegotiation, or automating our carrier scorecards, GoodShip has eliminated many of the old, manual processes and software we used to rely on. Now we use GoodShip every day."

When used in concert with GoodShip’s smart recommendations engine and carrier collaboration capabilities, the procurement workflow and scenario builder promote unprecedented agility and enable real-time network optimization.

The update comes less than a year after a $5M funding round co-led by Ironspring Ventures and Chicago Ventures and multiple high-profile features and awards, including a spot on the FreightWaves FreightTech 25 and the inaugural Bain Capital Ventures x Headline Ventures Vertical SaaS 50 list.

About GoodShip

GoodShip is the all-in-one platform for analytics, carrier management, and transportation procurement. GoodShip unifies, contextualizes, and analyzes an organization’s most critical transportation data then automatically surfaces the top opportunities for optimization. Shippers can share carrier scorecards, send performance alerts, initiate pricing renegotiations, and even run procurement events including full network RFPs and seasonal mini-bids. Streamline your workflow from decision to execution, only with GoodShip. Learn more at goodship.io.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131315550/en/