Transite launches new suite of LTL rating tools

Transite Technology has introduced its Continental Suite of LTL Rating Tools, joining SMC3 and Middlewest Motor Freight Bureau as one of only three companies to offer commercial or off-the-shelf LTL rating products in the US.

The product group is intended to offer shippers, 3PLs and carriers a low-cost, highly developed alternative.

According to chief operating officer Les Hamashima, Transite’s research with shippers, brokers and carriers revealed a strong desire to have a cost-effective and proven option.

"While we respect the current dominant players, we feel we have an exciting opportunity to offer a set of sophisticated LTL products that are already developed and being used on a daily basis by our customers throughout the transportation management market," said Hamashima. "The Continental products offer significant advantages over the other organisations in terms of technology and functional capabilities, licensing flexibility, and cost."

The product group comprises:

• Continental LTL Neutral Rate Base: a neutral LTL class rate base that is already being used by shippers and 3PLs providing a single base for all carrier pricing.

• Continental Carrier Rate Bases: highly sophisticated rate bases that are developed for carriers to align competitive class rates with the carrier’s business goals by providing the proper foundation for lane rates allowing optimisation of rates in a manner that provides the highest revenue per lane.

• Continental TruRate: an LTL rate base engine for rating carrier and neutral rate bases. This product and its library of several hundred carrier bases are available as software or a web service.

• Continental Transit Information Services: A Web 2.0 services product that delivers access to information including transit time standards, detailed terminal information, direct/interline points of service, and more.

• Continental Carrier GRI and Optimisation Services: GRI optimisation services that use Transit’s proprietary analysis and rating methodologies to enable customers to focus their process to the lanes that reap the most revenue.

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