Lost freight — a challenge for many in the logistics and transportation sectors — doesn’t have to be a setback. For freight companies, particularly those dealing with less-than-truckload (LTL) shipments, lost or unclaimed freight can create significant logistical and financial burdens. Our auction specializes in transforming these challenges into profitable opportunities through a transparent and effective liquidation strategy.
The Challenge of Lost Freight
Lost freight can emerge from a variety of circumstances, including mislabeling, unclaimed goods, or logistic errors. Typically, this lost freight not only ties up valuable warehouse space but also represents a sunk cost for freight companies. Disposing of it efficiently and profitably becomes a priority.
Our Auction Approach to Lost Freight
Our proven expertise in the auction world enables us to offer unique solutions for freight companies grappling with lost or unclaimed shipments. We handle large volumes of goods, turning what was once a logistical headache into a revenue-generating stream.
Sealed High Bid Auction: Fair and Profitable
Our sealed high bid auction format is particularly effective for lost freight. This method allows buyers to submit their best offers without being influenced by other bidders. It leads to true market value realization for each lot, ensuring maximum returns for freight companies. The discreet nature of our auctions also preserves the market value of goods and maintains confidentiality, which is particularly important for the freight industry.
Expert Handling and Presentation
Our commitment to maximizing returns goes beyond the auction format. We put a significant emphasis on the labor-intensive process of sorting, repalletizing, and displaying merchandise. This hands-on approach ensures that every item — regardless of its origin or condition — is presented in the best possible light, attracting serious bids and better prices.
A Trustworthy Destination for Freight Companies
We understand the importance of reliability and trust in the freight and logistics sector. Our auction house caters specifically to the needs of freight companies. From the receiving of your lost freight to the final sale, we handle every detail with precision and professionalism. We assure prompt payment within 14 business days post-auction, ensuring a swift and satisfactory conclusion for our consignors.
Why Choose Us for Your Lost Freight?
Expertise in Volume: Handling large quantities of merchandise efficiently is our specialty. This ability makes us an ideal partner for freight companies dealing with substantial amounts of lost freight.
Value Recovery: Our auction format and meticulous lot preparation mean better recovery values for lost or unclaimed freight.
Streamlined Process: We make the auction process straightforward and stress-free, from the consignment to the final sale and payment.
Space Liberation: By quickly turning over lost freight, we help free up valuable warehouse space, enabling freight companies to focus on their core business.
Lost freight need not be a lost cause. With our specialized auction solutions, we offer a streamlined, profitable way for freight companies to handle this common challenge. By partnering with us, companies not only recover value but also turn a potential problem into a lucrative opportunity. Our approach is simple: transforming challenges into profits, one auction lot at a time.