Online freight marketplace Freight Traders has moved into profit after a record 2002, where sales increased threefold on the previous year.
Since its launch in May 2000, the Masterfoods subsidiary has handled over £1bn of freight for customers including Kellogg, Lever Fabergé and Sainsbury. Online auctions slash the time taken to create and award tenders from several months to a matter of weeks, said MD Garry Mansell.
Services introduced in 2002 include a quick quote facility enabling shippers to post pieces of business on the site, requesting sealed bid offers from a pre-approved list of carriers.
Carriers can then submit offers via the site to the shipper who is free to contact the carriers and discuss their offers.

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