Transcore Link Logistics Launches Rateindex Multi-lanes to Help Trucking Companies Simplify the Quoting Process
Transcore Link Logistics has announced the release of Rate Index Multi- Lanes, an application designed to ease the process retrieving truckload spot rates from multiple lanes.
“We launched Multi- Lanes to simplify the time- consuming processes trucking companies and freight brokers must currently undergo to provide their customers with rate quotes on multiple lanes,” says Claudia Milicevic, senior director & general manager at Transcore Link Logistics.
The process is fast and easy. Users can drop their requests into a spreadsheet that is delivered through secure communications to produce key data, such as:
• Variable truckload rates for previous 90 and 365 days to compare user industry knowledge with real- time and historical fluctuations, as well as number of contributors on each lane, • City- to- city and market- to
market per mile high, average and low rates to better rate analytics, and • Truck- to- load ratio for the previous 7 and 30 days to monitor and identify more recent capacity variances. Multi- Lanes was designed to speed up the request for quotation process by providing companies a single platform to analyze and compare truckload rates across multiple lanes.
Truckload spot rates in specific areas can be accessed from Transcore’s truckload rating tool, and real- time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from Transcore’s Posting Index.
Transcore’s Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 5,500 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross- border and interstate data submitted by Loadlink customers.