Roper Technologies, Inc.'s DAT Freight & Analytics will introduce DAT iQ Benchmark, a significant update to its transportation rate and data analytics service for shippers, at the 2024 Gartner Supply Chain Symposium/Xpo in Orlando, Fla., from May 6-8. DAT iQ Benchmark uses new AI-powered rate models trained on the industry?s largest dataset, comprising $150 billion in annual market transactions. This data is directly submitted to DAT by over 1,300 freight shippers and brokers. DAT iQ Benchmark pricing models consume new transaction data daily to produce the most accurate reflection of spot and contract rates on virtually every trucking lane in North America, as well as pricing for intermodal and ocean transportation.

Shippers can compare their performance to all contributors over time and across numerous attributes, including average distance, count of loads, fuel cost per mile, total cost over time, and the percent of spot loads. DAT iQ Benchmark now includes pricing models for uncommon and specialized freight types, including hazardous materials, intermodal, expedited freight, flatbed freight, and loads in Canada, and can use AI to infer rates for queries where no data exists or the data is sparse. It is also easier to use, with a new interface, interactive data visualizations, and customized reporting.

DAT iQ Benchmark helps transportation procurement professionals do their jobs more effectively in a number of ways: Better communication: Communicate performance and rate competitiveness to senior management and put costs in context. Find efficiencies: Identify lane and carrier-level operational opportunities to improve efficiency and utilization. Budget and forecast accurately: Prepare for RFPs, carrier reviews, and budgets with accurate benchmark data.

Measure performance: Evaluate pricing against past, present, and forecasted benchmark rates.