DAT Freight & Analytics has introduced Multilane Rates for Ratecast, a feature that enables Ratecast subscribers to build price forecasts into their workflows, complete RFPs in less time and improve their chances of winning bids.
Part of DAT iQ’s freight data analytics service, Multilane Rates for Ratecast makes it easier to generate multiple lane rate forecasts, validate pricing strategies and present accurate forecasts in a simple-to-use, RFP-friendly format. Subscribers can quickly retrieve and download a monthly summary of spot rate forecasts and histories across thousands of lane rates in one single file, which greatly simplifies the RFP process.
DAT Ratecast is a subscription-based truckload price forecasting service for shippers, brokers and carriers. It accounts for short-term market effects, seasonal impacts and long-term price trends, leveraging a DAT database of $76 billion in annual market transactions on tens of thousands of lanes, with 95% accuracy.
“In a volatile rate environment, forward-looking pricing tools are essential to producing a competitive bid,” said Ken Adamo, DAT’s Chief of Analytics. “With Multilane Rates and price forecasts up to 52 weeks in advance, Ratecast subscribers can incorporate the industry’s most reliable predictive and historical rates into their workflows and analysis and more confidently navigate the bidding process.
“We provided a handful of customers with early access to Multilane Rates and were delighted to see that they doubled the number of RFPs they won. It was extraordinary!”
Multilane Rates is available to Ratecast subscribers.
