Transportation management platform GoodShip has partnered with Truckstop to utilize spot market rate data from the latter’s Rate Insights tool within its recommendation engine. This will give shippers insights into their carrier network’s performance and cost, according to a Truckstop press release. GoodShip users will also be able to run procurement events in-platform and compare incoming bids to current and predicted market rates provided via the Truckstop API.
“We are excited to partner with GoodShip to put more pricing data in the hands of logistics decision makers and enable more agile, resilient supply chains,” said Julia Laurin, chief product officer at Truckstop. “We believe that our rates offering provides analysis of load details that is currently unmatched in the industry which makes for a more accurate output.”
See also: Truckstop acquires AI-powered freight matching solution FreightFriend
Using Truckstop’s Rate Insights, carriers, brokers, and shippers can access daily market rates specific to load attributes, including equipment type, location, and dates.
“In a market as volatile as freight, resilience and agility are one and the same,” said Ryan Soskin, GoodShip CEO. “The ability to gather, interpret, and instantly action data is what transforms supply chains from a cost center into a competitive advantage. Layering in market insights from providers like Truckstop with GoodShip’s procurement and negotiation tooling presents a clear, transformative win for shippers.”
