By extracting elements from only the data on loads that have actually moved, McLeod Software’s MPact Pro market analysis tool breaks down nationwide truckload lanes in depth.
The tool allows McLeod customers to create a detailed picture of capacity and volume in markets and evaluate the rate landscape, McLeod officials said in a press release.
MPact Pro offers insights into spot and contract rates.
“Whether customers need to know how rates change over time using rate trends, or how rates are distributed through time using rate analysis, they can see with clarity just how important contract rates are, or aren’t, to a given market lane,” McLeod officials said.
MPact Pro also allows users to:
- Measure the profit relinquished by a carrier or broker. This can be measured based on specific profit targets or based on the market at large. Analysis can be dissected by equipment type, origin market, destination market, length of haul, commodity, market buy rate segment, market sell rate segment, transaction type, and profit.
- Benchmark between average market rates and median market rates. The tool also allows users to view the market total volume against a fleet’s own order count.
- Insight into how many carriers or brokers are currently participating in a given lane in a certain time frame.
The MPact PRO is integral to the McLeod customer’s own transportation management system and all the history they have.
This latest release of MPact PRO organizes a customer’s view of their current and historical business, prioritizing the market lane pairs based on volume and rates, allowing for a complete understanding of the rates they charge as compared to the industry rates.