Railinc’s TransmetriQ brand launched its Rate & Route tool, designed to improve performance and reduce expense for rail carload shippers.
“Following an initial intake of a shipper’s contract and public rates via artificial intelligence (AI) and machine learning tools, Rate & Route stores and can instantly present complete OD-pair rate and route options for any carload shipment,” says Danny Dever, senior product manager, TransmetriQ.
Key takeaways:
- With Rate & Route, shippers can view options that offer varying transit times, rates, and more to determine which option best satisfies their particular business needs.
“Our development team listened to shippers and spent more than a year tackling the challenge of disparately stored rates,” Dever says. “Not only are we able to show public tariffs and contract rates, but we’re also able to show both the waybill and operational routes. This gives shippers a true idea of how they can expect a shipment to move in reality.”
“The release of this solution opens new opportunities for both existing and potential rail shippers,” says Mika Majapuro, VP, TransmetriQ. “Rail provides the most efficient way to move freight over land, as well as cutting greenhouse gas emissions by 75 percent compared with truck. TransmetriQ’s Rate & Route makes this supply chain option more attractive than ever before by ensuring shippers have the visibility needed to choose the optimal rate and route for their needs.”
