Better Data. Better Deal Making with FreightWaves TRAC Spot Rates.

Introducing FreightWaves TRAC Spot Rates: Get access to the freshest spot rate data collected and aggregated at the point of booking, to outbid and outearn your competitors. FreightWaves TRAC Spot Rates delivers better data than the current market standard. What does that mean for you? Better data means better dealmaking.

FreightWaves TRAC Spot Rate data is aggregated at the point of booking from key market-driving companies adhering to a standard protocol. This gives you the clearest insight into freight pricing.

FreightWaves SONAR Freight Forecasting Platform

Fill out the form below to learn more and get a demo of FreightWaves TRAC Spot Rates within SONAR.

Let the data do the dealmaking.

If you’re in logistics, whether you're buying or selling capacity - money matters. Gain visibility of the spot market price for any lane on any day.  The future of freight has never been more attainable.

What data does TRAC Spot Rates provide?

Spot rates, combined with more stable contract rates, play an important role in freight forecasting. FreightWaves TRAC collects and aggregates spot rate data daily from among the biggest players driving the market.

How do TRAC Spot Rates compare?

Current market spot rate data can be days or even weeks old, making it difficult to compete in today’s volatile markets. TRAC provides the freshest spot rate data on day of tender that were booked yesterday.

Why should you use TRAC Spot Rates?

FreightWaves TRAC combines fuel surcharge and line haul data to create an “all-in” spot rate, while other data (including accessorial charges) are removed, giving you cleaner, better data to price accordingly.

Do more with Market Dashboard

Market Dashboard is a new feature in SONAR that gives users access to thousands of data points on each lane within FreightWaves vast datasets, aggregated daily from companies driving market conditions. Within the Market Dashboard, FreightWaves TRAC users get spot rate market data in the following ways:

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Spot Prices

See the most current rate for each data set above the chart in rate-per-mile format, showing the highest and lowest rates being aggregated for that lane.
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Lane Insights

Bring in the data you already know and love from SONAR into FreightWaves TRAC to get the views you need to make better decisions. Look at SONAR’s Capacity Lane Score that shows the state of carrier capacity at the origin and destination and the outbound rejection rates for shipments from the load origin location. With FreightWaves TRAC, SONAR users get better insights into lane prices to spot opportunities in specific lanes.
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Margin Calculator

On the Market Dashboard, the Margin Calculator lets you quickly calculate sell rates based on user-driven margin calculations. This data brings in the various rates and the calculated miles to show an all-in buy and sell rate based on various user-defined parameters.
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Rate Chart

Rate Chart is a time-based chart reflecting the daily rate-per-mile for a chosen lane and equipment type. This section combines FreightWaves TRAC spot rates and long-standing scientific rates.
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Lane List

Stay on top of the lanes you search for the most using the Lane List. In the Market Dashboard, when you search a lane, you can choose to save the lane in the "All Lanes" list so you can quickly see spot rate data for your most frequently watched lanes.
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Map

FreightWaves Market Dashboard provides market detail to assist with quick and profitable decision making. A map that shows changes in capacity conditions is in the top right on the screen where blue indicates a market is tightening and red indicates loosening conditions along with a real-time animated radar.

The results are undeniable.

I am new to the transportation industry and needed to learn as quickly as possible. This tool has given me so much information, that within a short amount of time, I have been looked upon as an expert in my new position! Thank you for this most helpful tool and the training provided to be able to get up to speed so quickly!

Ron Derrera

Senior Manager, Supply Chain Operations

XPO Logistics

SONAR has made our team quicker, smarter and more competitive. The platforms’ best-in-class data and analytics have materially improved our ability to assess market and business-level risk, make better decisions and therefore raise the level of service we’re able to offer our clients.

Sean Egan

Vice President, Transportation & Logistics

Citizens Financial Group

SONAR continues to provide an incredible amount of information that we can communicate to our customers. This helps us navigate through incredibly challenging markets across all modes. SONAR is great in that our conversations with customers and suppliers shift from being “anecdotal” to supported by actual data.

Chris Peckham

Vice President, Operations

Freight Plus
Daily Market Dashboard

Comprehensive freight data. Unparalleled insights.

In addition to FreightWaves TRAC Spot Rates, SONAR's proprietary data sources enable you to:
  • Stay on top of demand and capacity across all modes: trucking, rail, maritime, air, and warehousing
  • See real-time data in both domestic and global markets
  • View data from thousands of exclusive sources, $200 billion of contract freight transactions
  • Use tender rejection rates to monitor current freight activity
  • Combine spot rate and tender data for predictive rates
  • Reliably forecast demand and capacity within the supply chain
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Predictive Freight Rates