Data Management and Analysis: Vendors must have robust systems for collecting and aggregating data from diverse sources, ensuring data quality, consistency and completeness. They must also perform analysis and modeling, using advanced data analytics capabilities to identify trends, calculate accurate benchmarks, and develop predictive models to account for dynamic cost factors. Lastly, vendors must have the ability to customize benchmarks based on specific customer needs and considerations, such as industry, service level, geography and mode of transportation.
Transparency and Reporting: Vendors must have interactive dashboards and other data visualization tools to help customers easily understand and analyze benchmark data and the ability to provide data feeds if customers wish to integrate benchmarks with their own data.
Data Collection: Vendors in this market must have a means of collecting the necessary data, aggregating it in useful and relevant ways while also anonymizing the data. Vendors in the market generally harvest data from one of three sources: a) It is a byproduct of other core services they provide, such as executing shipments on a digital platform or transportation management system (TMS); b) They obtain the data as a result of other work they perform. Examples of this are freight audit and payment providers that collect freight rate data by processing client invoices, or consultants that collect performance data as an output from consulting projects; c) They source the data directly from clients and build a database of benchmarks over time. Many of the rate benchmark providers use this method, having customers provide their billing data in order to build a global database of cost.
PwC Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a service that enables organizations to assess and compare their transportation costs and logistics performance against industry standards. The service provides analytical tools and data-driven insights that help businesses identify cost-saving opportunities, improve supply chain efficiency, and enhance operational decision-making. By evaluating transportation rates and logistics metrics, companies can pinpoint areas for improvement in their freight management, distribution channels, and overall logistics strategy. This service addresses the business challenge of optimizing logistics expenditures and operational performance through comprehensive benchmarking and performance analysis.
FreightWaves SONAR, offers billions of data points on the global logistics industry, updated daily. The platform is used throughout the industry, by capacity providers and organizations that contract with capacity providers, to make more informed and efficient decisions about how to route, manage and forecast their supply chains.
Using the FreightWaves SONAR platform, users can monitor all of elements that impact the freight market – trucking spot and contract rates, fuel, demand, capacity, volumes, seasonality, weather, risk-management, equipment values and much more!
FreightWaves SONAR delivers trusted data and analysis across the global freight market – in real time. SONAR allows brokers/3PLs, carriers, shippers, financial institutions, rail/intermodal, air cargo, maritime and final mile participants to benchmark, analyze, monitor and forecast the global supply chain (or any subset that comprises their market).
Xeneta is a solution designed to provide ocean and air freight rate benchmarking and market intelligence. The software aggregates and analyzes large volumes of data on shipping rates, schedules and vessels from global sources, delivering insights to help organizations make informed decisions related to freight procurement and service management. Xeneta offers features such as historical and predicted rate tracking, market trend analysis and peer comparison, and performance benchmarking for air and ocean freight. Rate management and Index linked contract management tools provide shared visibility and monitoring of current and historical shipping costs. The software and tailored advisory services addresses challenges related to market transparency, budgeting accuracy, and contract management within the supply chain and logistics sectors.
DAT iQ Benchmark is the DAT Freight & Analytics platform for North American transportation cost and network visibility. The rate benchmarking coverage is based on an annualized spend of $150 billion. It is sourced from a consortium of over 1,300 shipper customers’ paid freight transactions, with over $1 trillion in total transaction data contributed by a broad consortium of shippers, brokers and carriers. DAT iQ delivers market intelligence via: 1) real-time spot rate visibility and trend insights that support rapid sourcing and operational tactics; 2) detailed network performance comparisons and granular benchmarks (lane, carrier, segment, business unit) to inform budgeting, procurement, and network design; 3) API integrations to TMS, procurement, and supply chain design tools. DAT acquired Trucker Tools in 2024, enhancing its tracking capabilities and improving freight visibility and carrier connectivity. It has provided transportation rate benchmarking for over 20 years.
enVista Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a service that enables organizations to assess and compare their transportation costs and logistics performance against industry standards. The service analyzes transportation spend, contract rates, and carrier performance data. It provides access to market intelligence about shipping rates, service levels, and operational benchmarks. The service aims to identify cost-saving opportunities, operational inefficiencies, and gaps relative to peer groups. Through data-driven analysis, the service supports companies in optimizing their logistics strategies and improving supply chain effectiveness. The service supports informed decision-making for transportation procurement, operational improvements, and strategic planning.
Capac-ID, Breakthrough’s strategic benchmarking offering, analyzes factors that influence market pricing across transportation networks. Using a robust dataset of linehaul rates across shippers' entire networks, Breakthrough recommends fair-market pricing and identifies optimal partnerships based on custom parameters that lead to more enduring capacity contracts.
Drewry Benchmarking Services is a software designed to provide detailed analysis of transportation rates and logistics performance metrics for the global shipping and logistics sector. The software enables organizations to access, compare, and assess ocean freight rates and contract terms against market benchmarks. It offers users visibility into cost structures, identifies deviations from market rates, and provides insights into operational performance. The software is intended to support procurement decisions, contract negotiations, and supply chain optimization by delivering independent and data-driven rate information. Through comprehensive data collection and analysis, it helps businesses identify savings opportunities and improve efficiency in logistics management.
CT Logistics Benchmarking Services is a software designed to analyze transportation rates and logistics performance metrics for businesses. The software enables organizations to assess their freight expenditures and operational efficiencies by comparing them against industry standards and peer groups. It offers data-driven insights that support the identification of cost-saving opportunities and the optimization of transportation strategies. The software provides reporting tools to evaluate transportation spend, carrier performance, and delivery reliability, helping users make informed decisions regarding logistics operations. The software addresses the challenge of managing transportation costs and improving overall logistics performance through comprehensive benchmarking and analytic capabilities.
Freedom LTL provides shippers with a better way to manage their less-than-truckload (LTL) shipping operations. Our team of experts provides expertise and software that optimizes freight management from beginning to end. Our proprietary sourcing process matches shippers with their ideal carrier mix while the shipper retains control of the carrier contracts. Our team also helps establish and refine processes to achieve the lowest total landed cost. These processes are enhanced by software tools that optimize freight management through features such as automated rate quoting, carrier selection and tendering, shipment tracking and tracing, shipment consolidation, and reporting that creates visibility across the organization. Gain expertise and efficiency while reducing manual effort and waste.
AFS Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a service designed to provide organizations with data-driven insights into their transportation spending and logistics efficiency. The service analyzes transportation rates and measures performance metrics by comparing an organization’s logistics operations against industry standards, enabling identification of cost-saving opportunities and operational gaps. Through systematic data collection and analysis, the service supports decision-making for freight management, procurement strategies, and supply chain optimization. It addresses business needs for transparency in logistics costs, performance benchmarking, and opportunities for process improvement across transportation networks.
E2open Transportation and Logistics Suite is a software designed to manage and optimize the movement of goods across global supply chains. The software integrates planning, execution, and monitoring capabilities for both inbound and outbound shipments, covering multiple modes of transportation. It facilitates carrier selection, booking, freight audit, tracking, and exception management. The software provides visibility into shipment status and performance metrics, helping organizations reduce logistics costs, improve delivery reliability, and support decision-making based on real-time and historical data. It is intended to address the challenges of coordinating complex logistics and transportation requirements for shippers and logistics providers.
Establish Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a service that provides organizations with data-driven analysis of transportation costs and logistics performance. The service offers benchmarking against industry standards by collecting and evaluating key metrics such as freight rates, transit times, and service levels. By using proprietary databases and analytical methodologies, the service identifies variances in transportation expenses and operational efficiency, enabling businesses to assess their position relative to peers. This supports companies in making informed decisions to optimize logistics processes, enhance cost control, and improve overall supply chain effectiveness.
Freightos Baltic Index is a software that provides transparent and frequently updated indices for global container shipping rates. The software aggregates data from multiple sources to deliver market benchmarks for freight pricing across major shipping lanes. It facilitates pricing analysis, trend monitoring, and decision-making for stakeholders involved in international trade and logistics. By offering reliable visibility into shipping price movements, the software helps businesses manage risks associated with fluctuating transportation costs and supports strategic planning for supply chain operations.
INTERLOG Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a service designed to provide businesses with analysis and comparison of transportation costs and logistics performance indicators. The service aggregates data to benchmark shipping rates, carrier performance, and operational efficiency against industry standards. It assists companies in identifying cost-saving opportunities and areas for process improvement by evaluating logistics expenditure and service effectiveness. Organizations use this service to enhance supply chain management strategies, optimize carrier selection, and monitor changes in market rates and service levels. The benchmarking data supports informed decision-making aimed at balancing cost control and performance objectives in transportation and logistics operations.
Loop Logistics Data Platform is software that ingests, normalizes, and cleanses fragmented logistics data. It extracts information from structured and unstructured documents—such as invoices, bills of lading, purchase orders, and customs documents—and converts it into linked data conforming to a customer-defined schema. Logistics-trained AI then helps automate freight audit and payment (FAP), exception management, purchase order validation, general ledger coding, and real-time shipment visibility. These features help increase data quality, increase efficiency, and lower logistics costs. An embedded analytics layer offers a spreadsheet-style interface and supports natural language querying. It integrates with ERP, transportation management, and accounting systems and includes configurable dashboards. By centralizing logistics data and automating back-office workflows, it reduces fragmented data, manual processing, and limited visibility into transportation operations and spend.
CLX LaneLogix is a software designed to support transportation management by enabling businesses to analyze and optimize freight lane strategies. The software provides tools for lane rate benchmarking, bid management, and scenario modeling, helping users assess carrier performance and identify opportunities for cost savings. CLX LaneLogix integrates with procurement processes to facilitate data-driven decision-making, improving efficiency in contract negotiations and carrier selection. The software assists organizations in addressing the challenges of complex supply chain operations by offering insights into pricing trends and market conditions, allowing for improved strategic planning and resource allocation in transportation networks.
Transporeon Benchmarking Services for Transportation Rates and Logistics Performance Metrics is a software designed to provide comprehensive insights into transportation costs and logistics performance indicators. The software allows businesses to measure their rates and operational metrics against aggregated industry data, facilitating accurate evaluations of market competitiveness and efficiency. It delivers detailed analysis of transport expenses, transit times, and service quality, helping organizations identify areas for improvement and optimize supply chain management. With data-driven reporting and standardized comparisons, the software supports informed decision-making for transportation and logistics strategy.
Gartner defines the transportation rates and logistics performance benchmarking market as offering services for benchmarking transportation rates and logistics performance metrics across multiple modes, industries and regions. Transportation rate benchmarking compares transportation rates against the market, whereas logistics performance benchmarking compares logistics performance against other companies by using logistics-specific key performance metrics. Not all benchmarking service companies supply data for both or offer the same level of coverage and granularity. These services must be deliverable as a stand-alone service offering to customers who may or may not purchase other services from the vendors.