DAT Solutions has entered into a definitive agreement to acquire the Freight Market Intelligence Consortium (FMIC) from Chainalytics Inc. FMIC is a subscription-based bench-marking and analysis service that leverages almost $50 billion in actual freight transactions from almost 200 companies across manufacturing, retail, wholesale and third-party logistics.
According to DAT, the acquisition further extends DAT’s position as the leader in market and pricing intelligence, with $118 billion worth of global shipment data across multiple transportation modes that include truckload, less-than-truckload and ocean freight.
“More than a thousand shippers, brokers and carriers from across the globe directly contributing rates uniquely positions DAT to deliver the only near real-time view into freight pricing and global supply chain in North America,” said DAT President and CEO Claude Pumilia. “This gives our customers unrivaled logistics insight and a stunning 360-degree view of the entire supply chain.”
Key benefits of the FMIC acquisition:
- Definitive go-to source for global freight intelligence.
- One-stop shop for transportation pricing and market intelligence solutions, including RateView, FMIC and Pulse products.
- Access to global market analytics on truckload, intermodal, LTL and other modes of transport.
- Team of market experts, including Dr. Inam Iyoob and Dr. Chris Caplice, executive director of MIT Center for Transportation and Logistics.
- Model-based benchmarking techniques for transportation markets, enabling total geographic coverage across all lanes and modes, without exposing companies’ actual contracted rates.
“The combination of FMIC’s contract rate benchmarking and analytics with DAT’s spot market data and freight matching will provide unparalleled capabilities for analytics and forecasting on the global freight and supply chain markets,” said Gary Girotti, Chainalytics executive vice president of Supply Chain Intelligence and Technology Products.
