Introducing Transfix TrueRate
Transfix TrueRate is our unique pricing approach which blends our machine-learning algorithm with industry expertise to deliver competitive and sustainable pricing shippers can trust for their contract and spot rates.
TrueRate’s power resides in its unmatched data and world class analysis. TrueRate uniquely combines years of proprietary in-house data and real-time carrier feedback with robust third-party data feeds. For example, TrueRate mines data from government indexes such as the CFS (Commodity Flow Survey). Incorporating a wide variety of government indexes affords us a granular understanding of the marketplace, as well as a holistic understanding of seasonality within the industry. Additionally, third-party providers like DAT, Sonar, and ITS strengthen TrueRate by providing up-to-minute information.
By pairing the most dynamic information available with a best-in-class data team, TrueRate is able to price any shipment in the US at a moment’s notice or price annual contracts to fit a shipper’s needs. Shippers benefit directly from TrueRate in the following ways:
Increase Predictability - When we quote a rate, we stand by it. We are so confident in the accuracy of our pricing we guarantee rates, giving shippers greater ability to forecast their budget.
Competitive Pricing - Our technology enables us to deliver competitive pricing that is sustainable by incorporating massive amounts of proprietary historical data, external industry benchmarks, and unique lane factors, as well as input from industry experts and real-time carrier inputs.
Find out what TrueRate can do for your business by clicking here.