Rate Index is designed to provide insight on high, low and average spot market rates paid on freight by brokers and shippers to carriers. “These rates are accurate,” says Randeep Sandhu, operations manager of Load Solutions Inc.
“Rate Index brings much more than a reliable industry benchmark on freight rates,” says Claudia Milicevic, senior director and general manager of TransCore Link Logistics. “We believe it provides excellent insight into market rates for the lanes that carriers run and the ones that they do not. This enables carriers to respond, on demand, to market trends, providing a greater clairvoyance before quoting rates.”
This rating tool provides total pricing visibility to validate base rates across a wide range of other carrier rates in the system as far back as 15 months. Access additional functions to:
- Automatically view backhaul rates on searched routes
- Pinpoint truck-to-load ratio data that correlates rates on current and historical capacity trends
- Identify average rates within Canada and cross border at a glance
- Calculate the appropriate line haul rate to charge customers based on fuel surcharges and additional fees
A great counterpart to Loadlink freight matching service, carriers can price strategically by market area, time of year, lanes and by currency to enhance their own profitability. TransCore Link Logistics is currently offering a promotional rate for new customers interested in Rate Index. For more information, visit www.transcore.ca/products/rateindex.
About TransCore Link Logistics
Looking for a better way to match available freight loads with trucks, TransCore Link Logistics in 1990 developed Loadlink, a load board connecting brokers, carriers, owner operators and private fleets in Canada to a real-time database of 15 million loads, shipments and trucks – the largest in the industry. The monthly Canadian Freight Index now defines the freight movement spot market. The company also provides its customers with dispatch solutions, ACE/ACI eManifest, Posting Index, Rate Index, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics is a unit of Roper Technologies, a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and academic research markets worldwide. Additional information about Roper is available on the company's website at www.ropertech.com.