Truckstop.com introduces Rate Insights spot market tool
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Technology

Truckstop.com introduces Rate Insights spot market tool

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Customers can negotiate rates and stay competitive in the spot market with Truckstop.com Rate Insights, a spot market rate tool using machine learning and artificial intelligence to provide accurate, same-day rate estimates at the load level, the company announced in a press release.

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Rate Insights comes standard with Load Board Pro and Premium subscriptions, providing standalone accessibility for shippers, and API access for all customers. This more advanced rate tool feature is available within the freight matching web and mobile experiences. Carriers, brokers and shippers can access daily market rates specific to load attributes, including equipment type, location and dates.

New Truckstop.com Rate Insights features include:

  • Rate estimate – See specific rates based on unique load attributes.
  • Rate comparison – Benchmark the posted rate against a data-driven estimated rate.
  • Four-week trend – See spot rate trends over four weeks.
  • Thirty-six-month trend – See spot rate trends over 36 months.

Available this month for new and existing customers, Rate Insights will enable customers to post and negotiate competitive rates, and is available on desktop and in the Truckstop.com mobile app, Truckstop Go as both a load rate estimate and general rate insight tool for lane analysis.

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