Transcore Introduces Rate Index Pro For Real-Time Truckload Rate Pricing And Negotiations Based On 12M Actual Freight Bills
TransCore introduces Rate Index Pro, a Web-based product enabling anyone involved in truckload lane rate pricing and contract negotiations to perform single-lane lookups in real time or submit a single multi-lane request in bulk format and receive prevailing market rate data in minutes. TransCore's Rate Index Pro is available by monthly subscription priced according to customer usage.
Rate Index Pro is a database comprised of more than 12M truckload lane rates. Data is based on freight bills from a pool of carriers consisting of large and mid-size fleets spanning all major markets in the United States and Canada. Data is provided in multiple levels of detail, including market, area, and state.
Beta tests with transportation sales professionals working on actual RFQs (Requests for Quotes) showed that they could perform bulk-rate pricing calculations in minutes rather than the hours they had otherwise planned to spend.
"Multi-lane rate calculations used to take me hours, but I can now do them in a fraction of the time," said Eric Aeschliman of Amino Transport. "A recent 500-lane scenario took less than five minutes to process."
Pricing analysts and managers can use Rate Index Pro to analyze historical trends, investigate new regions for growth, and benchmark based on market performance to maximize asset yield. For brokers, dispatchers, and transportation sales professionals at smaller companies, Rate Index Pro is a ready reference for current rates allowing them to negotiate a price competitive with the market.
"Rate Index Pro is designed to help freight brokers and carriers in today's tightening economy, where no one can afford to leave money on the table or be priced out of the market," explained David Schrader, vice president for TransCore's Freight Business Service. "Customers can review 13 month-rate histories, compare state-to-state inbound and outbound rates, see load-to-truck ratios by state, and use the profit calculator to quickly and accurately calculate final price and margin."
Customers can request lane rates for multi-lane deliveries based on city and state names, or three or five digit zip codes. Rate information is provided for three equipment types: dry van, refrigerated, and flatbed. Accessing this tool is simple via the Web at rateindex.transcore.com and enables customers to receive the following information:
- Weighted average point-to-point market rate
- Minimum rate per mile
- Maximum rate per mile
- Average fuel surcharge per mile
- Average accessorial charges
Data can be provided in Microsoft Excel formats or imported into other, readily usable formats including the customer's transportation management system.
Pricing
Rate Index Pro monthly subscriptions start at $29 per month.
About TransCore
TransCore's more than 60 year heritage supporting the transportation industry spans a range of offerings tailored to the trucking, rail, intermodal, traffic management, airport, parking, access control and homeland security markets. With installations in 46 countries, more than 100 patents, and pioneering applications of Web-based logistics services, RFID and satellite communications technologies, TransCore's expertise is unparalleled in the markets it serves. In 2007, TransCore was honored by Inbound Logistics Magazine as one of the Top 100 Logistics Providers while Engineering News-Record (ENR) ranked TransCore No. 60 out of the Top 500 Design Firms and No. 11 for firms that specialize in transportation. Also in 2007, TransCore was awarded the prestigious Global Call Center of the Year Award in the small-to-medium size category by the International Customer Management Institute (ICMI). For more information, visit www.transcore.com or www.3sixty.transcore.com
SOURCE:. TransCore