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When it comes to freight management, knowledge is indeed power. Midsize shippers need to stay on top of market trends to keep costs under control and secure reliable capacity without last-minute surprises.
You might have heard of Trucking Dive’s helpful Market Data Hub. Read on to learn more about this resource and how best to leverage it for your business.
Trucking Dive’s dashboard is a trusted source for real-time or close to real-time freight data. It brings together spot and contract rate trends, load-to-truck ratios, trailer orders, and for-hire tonnage statistics.
These indicators, when combined, paint a clear picture of current conditions and hint at where the market is heading. For instance, when spot rates climb while contract rates stay flat, it may mean shippers relying on the spot market could face higher costs. An increase in the load-to-truck ratio shows that capacity is tightening, while a drop in trailer orders suggests that fleets expect weaker demand in the coming months.
By following these trends, shippers can plan rebids at the right time, secure favorable contract rates before the market shifts, and allocate shipments to carriers who are best equipped to handle them.
Keeping an eye on these signals helps companies update budgets early and avoid surprises that eat into profit margins. Turning raw data into a clear strategy helps companies stay resilient even when the freight market swings unpredictably.
At Portex, we believe that simply having data isn’t enough – you need to act on it quickly and easily. That’s why our platform combines data with practical tools for quoting, bidding, tracking, and analyzing your freight spend, all in one place.
With Portex, you can test the market by quoting and rebidding lanes in minutes, compare your rates against benchmarks, and track performance and costs in real-time. This means you’re not just responding to the market after the fact; you’re anticipating changes and staying one step ahead.
Industries like food and beverage, packaging, construction, and manufacturing often face unpredictable spikes in demand and tight delivery schedules. Portex gives shippers in these industries and others the speed and control they need to navigate seasonal peaks, production changes, customer demands, and even macroeconomic shocks without costly delays or budget overruns.
In the end, tools like Trucking Dive’s Market Data Hub sharpen your view of the market. Portex empowers you to turn that insight into fast, confident action that keeps your freight operation cost-effective and competitive.
