Did you know? You can see actual lane rates across the top 103 lanes by using SONAR’s Truckstop.com Rate indices
What is it?
Truckstop.com Rate Index – This is the 7-day all-in average rate along 103 of the most heavily trafficked lanes in the Truckstop.com Rate Analysis Tool database. The rates are available for Van (TSTOPVR), Reefer (TSTOPRR) and Flatbed (TSTOPFR) modes. These weekly average rates are updated each Monday morning. FreightWaves research indicates that on any given lane, the highest and lowest rates in a single day can be different by hundreds of dollars. Between FreightWaves’ own predictive rates, and the rates gathered by a respected brand like Truckstop.com, SONAR users now have an extra data point to aid rating decisions.
In the chart above, SONAR users can see the average all-in rate from last week for loads that ran from Los Angeles to Dallas, and the average all-in rate on loads that ran from Dallas to Los Angeles.
Who needs it?
Carriers: Truckstop.com Rate indices can help carriers monitor lane rates on the top 103 lanes from 2019, helping carriers choose the lanes they want to run their trucks on. Shifts in rates can help carriers understand the changes in capacity, and help in the decision process of accepting or declining freight.
Brokers: Brokers will be able to use the Truckstop.com Rate indices to help with decisions on accepting contracted freight, and bidding spot market freight on certain lanes, or lanes with similar pickup and delivery locations. An increase or decrease in freight rates will alert brokers to shifts in capacity, which will allow them to alter their bids accordingly.
Shippers: Monitoring rates on certain freight lanes can help shippers see if rates are increasing or decreasing on their lanes, or lanes that are similar to those their freight moves across. Fluctuations in freight rates can be a signal to shippers to either expand tender lead times, retract tender lead times, or search the spot market for capacity.
What can I do with it?
The Truckstop.com Rate Indices were built to help SONAR users monitor the average freight rates on the top 103 lanes from 2019. They are best viewed in a HeatMap or on a Chart so users can monitor the all-in cost on a particular lane, or the historical changes and trends in the lane rates. Shifts in freight rates can signal changes in capacity. An increase in freight rates on a certain lane could be a signal that capacity is tightening, while a decline in freight rates could be a signal that there is an oversupply of capacity.
Show me how!
1) View the Truckstop.com Rate Index on a HeatMap so you can see the all-in rates from last week with the ability to sort by actual value, change value or percent change.
- Markets shaded green show an increase in freight rates from the previous week.
- Markets shaded red show a decrease in freight rates from the previous week.
- You can pull a chart from the HeatMap by clicking the chart icon to the right of the name to see trends and changes within a certain lane.
2) View the Truckstop.com Rate Index in a chart to see the changes and trends in rates on a particular lane.
- View historical changes in freight rates on different lanes.
- Compare freight rates on different lanes.
- Compare freight rates on different trailer types by using (TSTOPVR) for dry van, (TSSTOPRR) for reefer and (TSTOPFR) for flatbed.
Pro Tip: Use your SONAR’s Truckstop.com Rate Index in conjunction with the Truckstop.com Volume Index to see both rates and volumes on certain lanes of interest.