Market Dashboard

WHAT IS IT?

A rate management dashboard that shows the current spot and contracted rates with high and low values in a lane along with a historic chart view and multiple other market analytic data points such as origin and destination capacity conditions.

WHAT DOES IT TELL ME?

Inside the dashboard, users have the ability to:

  1. See the current van or reefer TRAC spot rate or Contract rate (optional) and a statistical price range
    • See metadata around each rate
      • Origin and Destination Radius : Weighted Average > Inverse distance weighting method using loads covered for the timeframe listed, weighing loads reported most recently and closer to desired zip3 origin and destination the highest
      • Volume : total loads covered over that time window
      • Time Window : the lookback period for the high to low range and Current Average. This will not exceed 21 day
  2. See the confidence score that is based on dispersion and consistency of the data sample with 1 indicating the lowest confidence level and 5 the highest.
  3. See a chart of historical rates
  4. Quickly calculate a margin either as a flat or percentage markup
  5. Store up to 1500 favorite lanes for quick access
  6. View lane insights such as:
    1. Lane Score – a value from 1-100 that indicates how tight or loose capacity conditions are in a lane. Higher values indicate tighter capacity.
    2. Origin and destination market daily capacity changes
    3. Outbound Tender Rejection Index for the lane
    4. Prescriptive action on how to use the above information in terms of pricing.

WHO IS INTERESTED?

Anyone who is involved in truck transportation. Brokers, Carrier Pricing, Carrier Sales, Load Planners, Transportation Managers

 

 

HOW TO USE IT

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