Market Dashboard is a comprehensive solution for rate analysis designed for anyone involved in planning or procuring trucking transportation.
A rate management dashboard that shows the current spot and contracted rates with high and low values in a lane, along with a historic chart view and multiple other market analytic data points, such as origin and destination capacity conditions. The data in Market Dashboard is powered by the Trusted Rate Assessment Consortium (TRAC), a group of SONAR customers who share their spot buy rates with SONAR on a daily basis to ensure the most accurate, up-to-date rate information available.
Featuring both spot and contracted rates across van, reefer and flatbed, Market Dashboard empowers SONAR users to gain context to make more informed decisions when pricing their freight on any given lane.
Inside the dashboard, users have the ability to:
- See the current van, reefer or flatbed TRAC spot rate or contracted rate (optional) for each lane they want to monitor, along with a statistical price range
- View origin/destination, volume and rate data, including high/low ranges and current averages (not to exceed 21 days old), in addition to historical rate data
- Assess the confidence score on a given lane to understand its level of rate volatility
- Ability to quickly determine where margins
- Save up to 1,500 favorite lanes for convenient access
- View daily capacity changes for origins/destinations and the Outbound Tender Rejection Index (OTRI) for any given lane for context on how these changes affect pricing
- Access the Market Conditions feature, a heat map of markets where rates are either increasing or decreasing more often. Markets in red have seen the majority of their lanes decreasing in terms of rates over the previous four days while markets in blue have had the rates for the majority of their lanes increase, allowing users to get a sense of capacity conditions and rate trends at a quick glance so they can plan and budget accordingly.
Brokers, carrier pricing and sales teams, load planners and transportation managers use Market Dashboard to gain visibility into their lanes for the most effective transportation planning and decision making.
Download our one pager here: Market Dashboard One-Pager