The Freight Market Intelligence Consortium (FMIC) for Shippers is a subscription-based benchmarking and market intelligence platform. Shippers participate by providing transaction-level data on a defined cadence, ranging from weekly to annually. DAT iQ then uses advanced analytics and machine learning to develop all-in cost estimates which explain the factors that really matter when buying transportation services.
Across all FMIC solutions, DAT iQ analyzes almost $50B in actual shipment data to provide accurate and actionable information to transportation buyers — data which considers the characteristics of the freight (e.g., inbound vs. outbound, asset vs. broker, direct vs. multi-stop, etc.), not just averages on lanes.
Since DAT iQ’s proprietary benchmarking approach leverages your actual shipment data, we can provide very detailed reports of your specific network. Performance benchmarks are available by lane, carrier, and geography as well as weekly trends by mode, carrier, and industry which highlight the impact of procurement efforts and changes due to market dynamics.
The consortium effect has many benefits, including the ability to conduct in-depth surveys and reports on the topics that matter most across the membership — from operations and procurement strategies to technology, accessorials, and fuel management. The collective knowledge of the member companies is both insightful and powerful.
Every FMIC member receives access to rating tools and market rate estimates. You can also access this data through cloud-based visualization and business intelligence tools (powered by Tableau) as well as REST-based APIs for integration for rate information into your execution systems.
Whether through user groups or the annual membership events, there are significant opportunities for networking and best-practice sharing, with additional educational content, research insights and thought leadership from industry experts.
Subscriptions are available based on geography and mode, and include a range of equipment types including dry van, temp-control/ambient, flatbed, bulk and intermodal.
The Freight Market Intelligence Consortium (FMIC) for Brokers / 3PLs is a subscription-based benchmarking and market intelligence platform. Companies participate by providing transaction-level data on a defined cadence, ranging from weekly to annually. DAT iQ then uses advanced analytics and machine learning to develop all-in cost estimates which explain the factors that really matter when buying transportation services.
DAT iQ’s freight market intelligence solutions for Brokers/3PLs are built on the idea that buy-side pricing and carrier cost management should never be a guessing game. Our advanced analytics offer brokers and 3PLs of all sizes direct access to transportation rate information that supports procurement, carrier management and lane rate benchmarking – whether internal or customer facing.
Users have unlimited access to rating tools and market rate data for both spot and contract market rates which are refreshed on a weekly basis. Rate estimators are available in both single and batch look-up formats.
A REST-based API can be added to directly integrate rate information in your execution system(s).
Lane, carrier and geography-based benchmarks are provided on a weekly basis for Truckload and quarterly basis for Less-than-Truckload. Reports also include weekly trends by mode, carrier and other factors to highlight the impact of procurement efforts and changes due to market dynamics.
Optional cloud-based visualization and business intelligence tools (powered by Tableau) are available to help you manage all market trends and historical shipment data.
Find out more on which FMIC membership best serves your company's transportation needs.
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