DAT Solutions announced today that Arrive Logistics, one of the fastest-growing tech-enabled freight brokerages in the country is joining the pilot program to evaluate some of DAT’s highly anticipated rate forecasting tools: DAT Market Conditions Index (MCI), a powerful indicator of truckload supply and demand, and its new, one of a kind, rate-prediction technology which leverages DAT RateView, the industries most accurate and complete source of spot and contract rate information.
“Our growth is predicated on providing our team with technology and data that drive efficiency and customer service,” said David Spencer, Arrive Logistics Director of Business Intelligence. “We are always looking to the future to understand what our partners need and are excited to be among the first to begin incorporating this data into our capacity planning and pricing models. Working with DAT helps us fulfill our commitment to providing world-class services to our partners.”
The highly anticipated pilot program, which includes some of the largest logistics firms in the country, will run through the end of March. And then…..wait for it……DAT will release its Market Conditions Index and predictive rate and analytics tools to 3-PL’s, freight brokers, truck fleets, financial analysts and other industry stakeholders in early April according to the release.
DAT Market Conditions Index is a comprehensive and dynamic indicator of future changes in rates for van, refrigerated, and flatbed freight. This measure of supply and demand incorporates actual inbound and outbound freight transactions, load-board post and search behavior, and short-term and long-term trends to generate a holistic view of past, present, and future market conditions.
DAT’s predictive rate and analytics tools provide freight brokers, shippers, and carriers with reliable truckload price intelligence. Generating predictions from one day to one year in the future, DAT’s data and algorithms account for short-term market effects, seasonal impacts, and long-term price trends, providing brokers with unmatched market perspective.
“MCI and DAT’s new rate forecasting tools are a powerful combination for rapidly growing tech-enabled brokerages like Arrive. In this market, decisions must be made quickly, and having the best information can give brokers the edge they need to win more business and cover more freight,” said Claude Pumilia, DAT Solutions CEO and President. “We have a long track record of success with Arrive, and they will be an important voice in our early access programs as we move toward commercial launches in April.”
For some the next 30 or so days until this product is released to the public is going to be slow going. Personally, the Freight Broker Live staff is extremely anxious for this release as we feel it could be a game-changer in how small brokerages leverage technology for better positioning in the market.
About DAT Solutions
DAT Solutions operates the largest truckload freight marketplace in North America. Transportation brokers, motor carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on 183 million freight matches and a database of $68 billion in annual market transactions. As the industry standard in truckload pricing, DAT’s freight rate database also provides the index prices for freight futures contracts. Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500, Fortune 1000, and Russell 1000 indices.