Tai Software program and FreightWaves SONAR Present Brokers Finest-in-Class Market Information

– Tai TMS (Tai), a completely built-in, broker-friendly platform for freight administration, and FreightWaves’ SONAR knowledge intelligence instrument, proceed to empower freight brokers and 3PLs to make extra knowledgeable quote selections amidst present tough market circumstances. The mixing supplies Capability Lane Scores immediately inside Tai’s complete logistics intelligence system, offering visibility into probably the most up-to-date market knowledge and pattern instructions.

For the reason that SONAR integration first launched in March 2022, Tai’s one-stop Truckload Quoting web page supplies customers with an instantaneous view of Capability Lane Scores which rank present capability traits on a 0-100 scale (with 100 indicating the tightest capability) for any given lane. Moreover, brokers can see whether or not a Capability Lane Rating is rising, indicating tightening capability and rising charges, or reducing, that means that capability is loosening, and charges will seemingly drop. This knowledge permits brokers to strategically resolve when to request price quotes and from which lanes, decreasing prices and enhancing profitability.

“Our integration with SONAR is invaluable for brokers navigating tightening and loosening markets like we’ve seen over the previous yr, together with the unfastened market we’re at present experiencing the place it may be tough to supply carriers,” mentioned Sean McGillicuddy, VP of Gross sales & Advertising at Tai. “Offering SONAR knowledge like present capability traits and worth averages immediately and immediately throughout the Tai Truckload Quoting dashboard provides brokers the actionable market insights they want with out ever having to depart their TMS platform.”

The SONAR integration is one in every of Tai’s 500+ instrument integrations that totally automates the FTL lifecycle, permitting brokers to go from quote to supply with out guide intervention. Capability Lane Scores translate tender quantity and rejection knowledge right into a relative measure of market capability. A novel algorithm is used to provide these scores by detecting structural market sample shifts and volatility in load stability and tender rejection ranges. SONAR makes use of high-frequency knowledge from a consortium of firms following standardized protocol to offer market insights in freight pricing. With fixed market swings and disruptions prior to now few years, Capability Lane Scores unlock key SONAR knowledge immediately throughout the TMS platform, permitting freight brokers to anticipate market traits in the identical platform the place they discover protection.

“Because the trade’s most complete freight forecasting and analytics platform, SONAR’s core mission is to bridge the hole between knowledge and decision-making,” mentioned Amy Hart Phillips, Senior Vice President of Strategic Partnerships and Execution at FreightWaves. “Our integration of Capability Lane Rating traits knowledge in Tai has given extra brokers entry to this knowledge and that visibility makes a really actual influence on their skill to make knowledgeable selections.”