DAT Freight & Analytics and ACT Research have partnered to enhance the offerings of both organizations, an ACT press release stated. ACT will use information from DAT’s databases to increase the accuracy of its freight market forecasts.
“By far, DAT maintains the largest database of truckload transactions than any other marketplace in the industry,” said Tim Denoyer, VP and senior analyst at ACT Research. “With more than 500-million loads posted each year, DAT iQ provides incredible detail about spot and contract rates through a database of $137 billion in annual market transactions.”
ACT Research utilizes proprietary Class 8 equipment population and driver analysis to predict freight rates over a 2-3-year window. “We add value by applying our expertise in freight volume and capacity dynamics to predict where rates are headed in the future. The depth and breadth of DAT’s data will help us to further refine our forecasting accuracy,” Denoyer said.
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President Kenny Vieth of ACT Research added, “Joining forces to couple the power of DAT’s highly regarded RateView data, with ACT’s strategic forecasting services, will enhance our offerings to the industry.”
Ken Adamo, DAT’s chief of analytics, commented, “ACT Research provides a critical service to the industry. We’re excited about how our collaboration will enhance their spot and contract rate forecasting to benefit shippers, carriers, brokers, and all stakeholders alike.”
Both Adamo and Denoyer will be on stage at DATCON22, DAT’s annual user conference for transportation and logistics professionals, this October 5-7. The event will be held in Austin, Texas, at the AT&T Hotel and Conference Center, and include workshops, networking events, and topical guest sessions.
