DAT updates its Truckload Rate Index product with the addition of new features to make up the DAT RateView product and service, enabling carriers to see market rates paid by shippers as well as current spot market rates on all lanes in the United States and Canada. RateView also enables automatic suggestions of backhauls as well as “TriHauls” based on highest paying lanes returning trucks to their point of origin. TriHauls take advantage of the most profitable triangle routes that can give carriers options for return trips that pay at a higher rate, taking into account load availability and competing truck capacity at the origin, and suggested intermediate points. Rate calculators let carriers compare the linehaul and fuel surcharges to immediately understand the revenue potential of the TriHauls and backhauls under consideration.
Carriers can quickly compare the rates they are being paid against the market rates on lanes they are running as well as explore new lanes. DAT RateView is based on $20 billion per year of actual freight transactions.
For further information, visit the DAT RateView page.