Truckstop announced a Rate Insights integration with GoodShip, an all-in-one platform for transportation procurement and operations teams to optimize freight spend and on-time performance while streamlining workflows and strengthening carrier relationships.
GoodShip will utilize spot market rate data from the Truckstop Rate Insights tool within its smart recommendation engine, providing shippers with contextualized, actionable insights about their carrier network’s performance and cost. GoodShip users will also be able to run procurement events in-platform and compare incoming bids to current and predicted market rates provided via the Truckstop API.
“We are excited to partner with GoodShip to put more pricing data in the hands of logistics decision makers and enable more agile, resilient supply chains,” said Julia Laurin, chief product officer, Truckstop. “We believe that our rates offering provides analysis of load details that is currently unmatched in the industry which makes for a more accurate output.”
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Truckstop’s Rate Insights is the only spot market rate tool using machine learning and artificial intelligence to provide highly accurate, same-day rate estimates at the load level. Carriers, brokers, and shippers can access daily market rates specific to load attributes, including equipment type, location, and dates.
“In a market as volatile as freight, resilience and agility are one and the same,” said Ryan Soskin, chief executive officer, GoodShip. “The ability to gather, interpret, and instantly action data is what transforms supply chains from a cost center into a competitive advantage. Layering in market insights from providers like Truckstop with GoodShip’s procurement and negotiation tooling presents a clear, transformative win for shippers.”
SOURCE: PRNewswire