TransCore to debut new truck-to-load ratio analytics tool
TORONTO, Ont. — TransCore Link Logistics is introducing a new Truck-to-Load Ratio analytics tool, which will allow carriers and freight brokers to access real-time and historical data on total truck and load volumes.
They’ll also be able to view reatios in specific areas. The new index will be launched this week at Truck World.
The new Posting Index can drill down by geographic area, equipment type, and truckload vs less-than-load shipments and trucks.
TransCore says its new service is built on its Loadlink freight matching system and the tool captures data from 14 million loads and trucks posted to the network each year.
“The explosion of load volumes, changes in capacity demands, and currency fluctuations observed since the end of last year have dramatically impacted the buying and selling rates,” says Claudia Milicevic, senior director and general manager of TransCore Link Logistics. “Posting Index gives our customers enhanced technology that’s easy to use and assists in making sound business decisions on where to grow their business, or change their lanes quickly to respond to these fluctuations.”
The tool has already been demonstrated to customers across Canada and TransCore says it has been well received. Carriers and brokers claim it allows them to more accurately quote rates based on truck and load availability in a given lane.
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The debut of this new analytics tool will bring much-needed clarity to truck volume pricing. Brokers must know the break points for less-than-truckload shipments that require equipment changes.