Efficient transportation is key to the success of your company. But managing the additional setup requirements such as carrier contract management, bids, and selection can be a daunting task, diverting resources and focus from other crucial aspects of your business. That’s where a supply chain consultant like Rockfarm can help. Our expert team provides a complete truckload solution for your company, freeing up your resources to focus on other core business activities.
As one of the many benefits of our services, we offer access to the Truckload Market Index, which provides valuable insights into market trends and data-driven analysis. By leveraging the latest technology and industry expertise, we deliver customized solutions that fit your specific needs and budget. Don’t let logistics management hinder your growth – contact Rockfarm today to learn more about our Truckload Market Index.
The Rockfarm Truckload Market Index is a tool that provides truckload shippers with market insights at the lane level. Those observations help you determine the optimal timing of your bids and the strategy for conducting your truckload RFP. The Rockfarm Truckload Market Index identifies market variations and seasonality, allowing your team to begin identifying benchmarks of success and defining your bid strategy.
This exclusive platform gives shippers access to critical data points supporting the historical basis for their bids as well as market conditions on the ground giving shippers a resource on when to strategically deploy their truckload RFPs. In addition to valuable insights, the Rockfarm Truckload Market Index provides forecasts that enable routing changes in routing strategy between contract rates to spot quotes and spot quotes to contract rates.
The Rockfarm Truckload Market Index gives shippers a road map to measure success on each truckload RFP. The index defines benchmarks at the lane level promoting value to shippers to measure an RFP’s success or to hold at their current truckload rates.
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The index empowers decisions on truckload bid strategies, timing, and awards. As a result, the Rockfarm Truckload Market Index becomes an essential tool for shippers because it delivers market benchmarks within each truckload lane. This gives you enhanced visibility of the market and serves as a platform to measure the success of your RFP results as well as the execution of your bid strategy. Analyzing the impact of those choices on your business is simple. This tool identifies the market lane index allowing you to measure results well beyond the initial start-up period of your bid.
Lane variances can be identified within the Rockfarm Truckload Market Index for seasonal adjustments and deeper insights into how each carrier may bid a lane. Lane variances can also be caused by events that trigger dramatic upswings in cost. The Rockfarm index identifies volatility, giving shippers front-line knowledge to deploy strategic discussions with their carriers and customers alike. Rate forecasts are embedded into each lane output, illustrating rate slope and potential projection of rates in the near term and over longer periods of time putting the shipper in command of bid strategy and timeline.
If your business is looking to improve its truckload RFP process, consider enlisting the help of a trusted consultant with a track record of success. Rockfarm Supply Chain Solutions can provide you with the expertise and resources you need to negotiate strategic agreements that result in a 2% to 8% annual rate improvement.
As a MercuryGate Integrator and industry leader in supply chain consulting, Rockfarm offers a range of customizable solutions designed to meet your specific needs. Our Truckload Market Index serves as a benchmark rate, providing clarity and transparency throughout the RFP process.
Partnering with Rockfarm means gaining access to proven solutions and a team of dedicated professionals committed to helping you achieve your supply chain goals. Contact us today to learn more about our consulting services or to get started with your next truckload RFP. Call us at 815-573-0155.