Growing Your Revenue and Customer Base
Always knowing the optimal freight pricing is instrumental to winning more profitable awards and growing the business.
This helps prevent possible future stagnation or even declines.
Need for Pricing Optimization
Increasing Load Counts: Make sure your prices are attractive to shippers to improve your chances for more customers.
Maximizing Margins: Ensure your prices are high enough to easily cover expenses and improve margins.
Removing Undesirables: Recognize when price and cost demands would result in poor financial outcomes.
K-Rate™ Prediction Model: View tomorrow’s rates…today
Anyone can tell you yesterday’s freight rates while just guessing what it will be tomorrow
Our Proposition: K-Ratio delivers today’s rates and future rate probabilities in real-time with exceptionally accurate precision*
Minimize transportation cost by evaluating proposed freight rates through a predictive tool
Increase revenue by moving your truck(s) on the lanes with the best upcoming rates
Maximize margins by proposing optimal Spot and Contract rates while also offering ideal rates to Carriers
*Higher than 95% accurate based on test runs versus historical data
What is K-Rate™ and how does it work?
A proprietary decision-making algorithm designed specifically to predict Rate Per Mile (RPM) for dry and refrigerated OTR freight
MULTI-VARIATE CODE PROGRAMMING
Engineering code for the algorithm is done at a micro-statistical level of multi-variate programming
The algorithm employs an exclusive, multi-criteria, dynamic and adaptive machine-learning process
CUSTOMIZATION TO SPECIFIC NEEDS
Capable of customization to support unique business needs such as particular lane rate predictions
Historical, current, and trained data is used to detect and adjust for anomalies (i.e. natural disasters)
DATA NOISE CANCELLATION
Cancels out data noise and delivers precise pricing based on your specific conditions via