According to the announcement, “The partnership between industry data giants will combine Chainalytics’ market intelligence products with Truckstop.com’s rates data to provide increased visibility into contract and spot rates in North America. The database and modeling will aggregate over $80 billion of combined freight rate intelligence.”
The partnership was announced at Truckstop.com’s annual user conference in Dallas on Tuesday.
“The freight community can only grow with access to robust and accurate data,” said Paris Cole, CEO of Truckstop.com. “Truckstop.com’s partnership with another data-driven thought leader like Chainalytics is a game changer for all parties concerned with contract and spot rates data. It is partnerships like this one — bringing both types of best-in-class data to one screen — that move the freight community forward in ways the industry has never seen before.”
The partnership “will provide increased visibility into contract and spot rates from a single screen, starting with Truckstop.com’s strategic rate analysis platform and following with the transactional RateMate tool,” the announcement said.
Gary Girotti, executive vice president of Chainalytics, said, “Through this partnership, we’ll provide a solution for logistics service providers to gain greater visibility into contract and spot rates anywhere in North America in one place.
“Over time, we believe Chainalytics’ Freight Market Intelligence Consortium’s wealth of contract freight rate data combined with Truckstop.com’s extensive spot-rate insight will allow us to accurately predict where future rates are headed so customers can efficiently manage their transportation budgets and operation strategies,” Girotti said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now