Compiled By Traci Purdum Schneider Logistics Inc. offers its collaborative transportation procurement product, SUMIT CVA, aimed at providing shippers with a strategic approach to securing low-cost, long-term freight contracts. The combined value auction (CVA) enables shippers to leverage their carriers' existing capacity and networks in a consultative bid process. Through a multi-round auction format, SUMIT CVA enables pre-qualified carriers to view a shipper's transportation requirements and identify and bid on packages of lanes that best optimize their assets. Carriers then enter their rates, create packages and conditional bids, review specific service requirements of the freight, and analyze bid results via a Microsoft Excel-based bid workbook. "The CVA process is simply a better way to procure freight than manual RFQs or e-logistics reverse auction bidding because it allows the buyer and seller to leverage their existing networks to develop strategic transportation solutions that work for both parties," says George Grossardt, vice president of Alliance Services at Schneider Logistics. Green Bay, Wis.-based Schneider Logistics is a wholly owned subsidiary of Schneider National Inc.