The dynamics of the freight market change constantly. During the last years the balance between supply and demand has shifted constantly and while it is vital for shippers and carriers to stay on top of the market, high quality data is scarce. As a result companies have to rely on gut-feelings.
Often, high-level aggregation of market data is sufficient to follow the general development of the market. But there are situations where more granular data is needed. Specifically, when it's tender season, it is important to have data about specific market prices to give you an accurate picture of your specific lanes. This will serve as a basis for arguments about the prices that are to be negotiated.
What all players – be it sourcing professionals working with a shipper or transportation professionals working for carriers and LSPs – urgently need, is accurate data, accurate down to the level of a ZIP or postal code.
Rate Benchmark within the Market Insights product gives Transporeon customers granular and exact data to inform their sourcing decisions and minimize market risks.
Key Features of Rate Benchmark
Rate Benchmark:
Benchmark your contract rates across your network on a ZIP or postal code level. Rate Benchmark provides accurate contract rates for FTL road transports with ambient standard equipment. You can simply upload your own rates and use the feature to drive informed sourcing decisions in your company.
