Doft has released Rate Forecast, a freight rate platform powered by AI rate prediction. It lets you use market data and your own rate history to make quick, data-driven decisions on shipping rates.
A cloud-based solution built on Doft's freight matching marketplace, Rate Forecast charts paid-rate data from across the marketplace, drawing on Doft's ecosystem and third-party partnerships with industry leaders.
Rate Forecast is a valuable product for anyone involved with moving freight. It lets you analyze the market rate of any lane and acts as a comprehensive platform with rate history and rate sources - useful for everything from quick quotes to deep analysis on large RFPs, benchmarking, forecasting, and business strategy.
Using big data technology and machine learning, Rate Forecast delivers real-time data and returns bulk analyses of tens of thousands of lanes in minutes. Doft is an online freight-matching marketplace that also provides rate benchmarking, spot market data, and negotiation tools.
What is Rate Forecast?
Rate Forecast gives transportation professionals the average rate a load will pay per mile. The add-on lets carriers quickly:
- Research and compare industry price averages before accepting offers
- Negotiate prices and better estimate load revenues
- Review and compare average rates at a low cost
Rate Forecast is available as an individual tool that acts as a freight rate calculator and is also surfaced in load search results.
Rate Forecast - Freight Rate Calculator
Rate Forecast in Load Search Results
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