Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that FreightWaves Trusted Rate Assessment Consortium spot rate data is now available in the Descartes Aljex transportation management system. The combination provides freight brokers with a single solution to gain an up-to-date view of spot rate data to make more informed rate, bid and freight booking decisions.
“With the ability to access FreightWaves TRAC spot rates directly from the Descartes Aljex solution, freight brokers can have the accurate pricing data they need at their fingertips to help secure more loads and to outbid and out-earn competitors,” said Spencer Piland, COO/CFO at FreightWaves. “The brokerage-focused Descartes Aljex TMS has a strong reputation and is used by brokerages of all sizes, making it a strong pathway to deliver the value of our data to a spectrum of users.”
The scalable, cloud-based Descartes Aljex TMS automates and streamlines daily operations for freight brokers and third-party logistics providers (3PL) to boost efficiency, including order entry, lane rate comparison, load coverage, rate confirmation, carrier acceptance, dispatching and carrier communications. It allows brokerages of all sizes to securely access freight and transportation management data from anywhere.
FreightWaves TRAC spot rates are used by brokers, carriers and shippers for benchmarking, analyzing, monitoring and forecasting rates. Data is collected daily at the time loads are covered or accepted by carriers using an enhanced methodology that helps eliminate biased data and provide a more accurate lane representation and freight market view. FreightWaves TRAC spot rates are compliant with the International Organization of Securities Commissions (IOSCO).
“The pressure is on transportation organizations to deliver high levels of performance at lower costs,” said Dan Cicerchi, VP and General Manager, Transportation Management at Descartes. “With the combination of Descartes Aljex and FreightWaves TRAC, our freight broker customers have quality data to give better, smarter and faster price offers to carriers, which optimizes freight booking outcomes on a daily basis and drives greater profitability.”
Descartes and FreightWaves have been successfully integrating products since 2021 when the FreightWaves SONAR Lane Score data was first delivered in the Descartes MacroPoint™ Capacity Network, enabling advanced transportation capacity management. Descartes Aljex can be easily integrated with this combined solution to expand brokerage capabilities with real-time freight visibility, load tracking and automated capacity sourcing.