Internet Truckstop, New Plymouth, ID, is introducing a spot market rate index called RateMate for its brokerage customers, with a trucking version to be offered by the end of the year.
Scott Moscrip, the company’s president, said RateMate will provide a daily accumulation of U.S. and Canadian lane-rate information and paid freight rate information submitted by Internet Truckstop dry van, refrigerated and flatbed customers. To date, the company has accumulated close to one-million rate submissions; it between 2,500 and 5,000 new rates every day.
“RateMate is designed to be used for gaining confidence in making rate quotes and to see what is happening to rates in the spot market,” said Moscrip. “We are trending out the rate fluctuations along with showing the average current rate in a lane -- and we’re also giving subscribers the ability to calculate what portion of that rate is fuel surcharge.”
For more information, go to www.truckstop.com