Speaking at its recurring “Connected” user conference, Truckstop.com CEO Paris Cole announced Tuesday a new partnership the company has inked to facilitate new functionality within its Rate Analysis, RateMate and other products utilized by brokers and carriers to benchmark pricing. This year’s “Connected” conference is being held at the Verona Villa facility in Frisco, Texas, near Dallas.
The “ink is barely dry on this partnership,” Cole said, then introducing Gary Girotti, executive vice president for global products with Chainalytics, a provider of market intelligence products and solutions for the community of shippers.
Truckstop.com and Chainlytics, Cole said, would be working toward bringing contract data from Chainalytics and Truckstop.com’s wealth of spot-rate data “on the same screen together. You’ll be able to have best-in-class data in one spot.”
Said Girotti, “I think we’ll bring together a solution for you guys to look across the landscape and see visibility into contract and spot rates anywhere in North America,” giving users of the Rate Analysis and RateMate products and others the ability to drill down into particular areas and lanes to access highly targeted data not only for the recent and not-so-recent histories. Eventually, targeted rate forecasting is an ultimate goal. “We’ll be able to predict where rates will go into the future” with some accuracy.
Cole noted integrated Chainalytics data would come first to Rate Analysis, but “eventually we’ll have Chainalytics information on the load details page in our RateMate product, too, and elsewhere.”