Transporting your products efficiently is essential for your company’s success. However, all of the additional set up requirements, such as carrier contract management, carrier bids and carrier selection can be a burden and take resources and focus away from developing a complete truckload solution for your company. To help, enlist a supply chain consultant team like Rockfarm. When you use our services, you have access to a multitude of benefits, one of which is our Truckload Market Index.
What Is the Rockfarm 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 the their current truckload rates.
Empower Your Decision-Making with a Quantified ROI
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.
Working With Rockfarm
When your business needs help with your next truckload RFP, trust a consultant with proven results. At Rockfarm, we see market trends and rates that lead to strategic negotiations. Those agreements glean an annual 2% to 8% rate of improvement. The Rockfarm Truckload Market Index provides clarity and a benchmark rate for measuring our success as your RFP consultant.
Rockfarm’s solutions have proven results, and we’re a recognized MercuryGate Integrator. If your company needs help with a truckload RFP or other supply chain solutions, consider partnering with Rockfarm for our consulting services. Contact our team today for more information, or call us at 815-573-0155.