How is Spot Market Rates different from Rate Index offered with other TransCore freight match products?
Spot Market Rates is a subscription service part of our Truckload Rate Index application that provides Spot Market rates compared to Contract Rates that are provided in our other freight match products. It also includes Bulk Rate request, historical information, and a State to State Rate Matrix. Single Lane Searches also include a rate calculator to compute final price and margin consistently, accurately and quickly. What does Spot Market Rates offer to customers? Spot Market rates is a timely, cost-efficient tool for transportation professionals (for example, brokers, dispatchers and pricing analysts) for maximizing profitability in any number of common situations where accurate information is critical. Weighted, average truckload rates found in our bulk rate analysis feature are based on all major markets in the US and Canada and help customers: – Maximize lane revenues and minimize research on bid/RFP responses. – Exploring lane rates in new markets and validate rates in existing ma
