Starting today, FreightWaves SONAR clients will have access to Truckstop.com rate assessments in 100 of the largest truckload lanes. SONAR users will be able to access historical rates in the top 100 origin-destination pairs and will be able to benchmark, analyze and monitor key lane pairs and market activity based on Truckstop.com’s proprietary spot market assessments.
SONAR users gain a powerful new dataset in Truckstop.com trucking spot rate data. The indexed lane pairs are based on billions of trucking spot transactions. When overlayed with SONAR’s tender data, which represents an estimated 85% of the electronic tenders in the market and operational data representing 240 medium and large truckload fleets, SONAR users can monitor and analyze how contract markets are impacting the truckload spot market and vice versa.
Read the full article and watch an interview with Truckstop.com Chief Relationship Officer, Brent Hutto: Read more