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What is Electronic Freight Management (EFM)

What is Electronic Freight Management (EFM)

The Electronic Freight Management (EFM) initiative is a USDOT-sponsored project that applies Web technologies that improve data and message transmissions between supply chain partners. According to the DOT website, the goal is to provide a mechanism for sharing supply chain freight information that is simpler, cheaper, and more efficient to implement than traditional EDI, allows for all, but especially small to medium sized and less sophisticated, supply chain partners to access the information, and makes it easier to customize the flow of information between and among partners. Another goal of the initiative is to design a system to ensure that data are entered once but used many times, thereby eliminating data transcription errors. EFM aims to help companies replace paper trails with electronic information, freeing up human resources that were previously devoted to manual data entry.

The U.S. Department of Transportation Research and Innovative Technology Administration (RITA) reports freight volumes by 2020 are forecasted to increase by 70 percent from 1998 totals. Implementing a common electronic freight management would improve the speed, accuracy, and visibility of information transfer in a freight movement, which could reap large rewards for the U.S. economy. Electronic Freight Management will play a prominent role to advance operating efficiency, safety, and security in the movement of goods.

Freightgate announced a new breakthrough Electronic Freight Management (EFM) study conducted in collaboration with Transport Canada and Port of Qingdao, China. The Freightgate study demonstrates how new UBL (Universal Business Language) web technologies can improve data and message transmissions in freight management and facilitate faster business transactions between supply chain partners. Freightgate is the only commercially available logistics cloud platform supporting Electronic Freight Management.

To receive free copy of the Electronic Freight Management (EFM) case study sponsored with Transport Canada and Port of Qingdao, China, please go to: http://www.freightgate.com/EFMStudyDownload

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