Embedded DAT rate benchmarking unlocks another avenue for GoodShip customers to benchmark their transportation network performance and uncover cost savings.
GoodShip announced a new data partnership with DAT Freight & Analytics to surface DAT iQ spot and contract rates within GoodShip’s all-in-one freight orchestration platform. The integration will expand GoodShip customers’ ability to benchmark contract and spot rates, analyze carrier bids, and receive smart recommendations for top savings opportunities.
“We’re thrilled to offer those insights directly within the GoodShip platform. This partnership represents a continuation of our efforts to meet our customers where they are as we pioneer the freight orchestration category.”
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“Thousands of shippers and carriers rely on the depth and breadth of DAT’s market intelligence in their day-to-day operations,” said GoodShip Co-Founder and CEO Ryan Soskin. “We’re thrilled to offer those insights directly within the GoodShip platform. This partnership represents a continuation of our efforts to meet our customers where they are as we pioneer the freight orchestration category.”
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DAT iQ gives users access to advanced AI-powered rate models for spot and contract pricing on virtually every trucking lane in North America. Using machine learning, its pricing models are trained on $150 billion in annual market transactions submitted to DAT directly by more than 1,300 freight shippers and brokers. The models consume new data daily to produce the most current market rates.
“Integrating DAT iQ’s rates into the GoodShip platform gives customers a more agile, modern solution that enhances freight orchestration and procurement capabilities, making our data even more accessible,” said Mike Weaver, DAT’s Vice President of Sales. “They can quote freight with confidence knowing that they’re using pricing information based on actual transactions, as opposed to advertised rates.”
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GoodShip and DAT built a streamlined, self-service onboarding process for their mutual customers. Shippers simply input their DAT credentials within the GoodShip platform to activate the integration, after which they can configure refresh frequency and customize parameters of the data feed to best support their unique business needs and workflows.
Once the integration is activated, DAT iQ rates will be available throughout the platform and will help power GoodShip’s recommendation engine, providing users with actionable insights on where in their network they’re overpaying to market. DAT rates will also be embedded in GoodShip’s procurement workflow, resulting in competitive bids and durable routing guides.
“Our ability to mine data, understand the market, and collaborate with strategic carrier partners is critical to both our own success and that of the shippers we represent,” said Jamie Hess, VP of Global Procurement at KBX Logistics. “GoodShip has provided KBX Logistics with an exceptional technology platform that allows our team to quickly discover insights and then drive meaningful actions and improvements.”
