Summary: Road Freight Benchmarking Solution in North America

The solution allows benchmarking the prices of road transportation across North America.

Geographical Coverage

You provide to the API precise GPS coordinates (latitude and longitude) for both pick-up and delivery locations in the three countries:

• The USA
• Canada
• Mexico

Distance

Truck distances are calculated using data from our partner PTV, ensuring accurate estimations.

FTL & LTL

The solution provides rates only forFull TruckLoad (FTL).

Weight

Even if the solution enables only FTL shipments, you must provide the chargeable weight.

Cargo Characteristics

Different types of trucks and associated goods are available for selection based on specific cargo requirements.

Type of Truck

Fuel Surcharge

Benchmarking can be done with or without a fuel surcharge, separating freight costs from fuel-related surcharges. The fuel surcharge is determined based on fuel cost fluctuations in the country of origin.

Market type

Spot and contract road freight transportation are two common arrangements for procuring transportation services by road.

Our API provides:

• Rates with spot and contract
• Rates with spot only

Spot market

Spot freight is an on-demand transportation. It refers to the arrangement where freight is moved on a one-time basis. Spot freight is typically used when there is an immediate requirement to move cargo or when regular contract capacity is insufficient or unavailable. Spot rates are usually more volatile than contract rates.

Contract market
Contract transportation involves a long-term agreement between the two parts for regular or recurring transportation services. It establishes a committed relationship and guarantees capacity over an extended period, typically spanning months or years.

Dates

The benchmarking process provides prices for specific routes on selected dates, including past dates starting from January 1, 2017 to today.