Executive Briefings

MercuryGate Launches Multimodal Global Freight Rate Index

MercuryGate International Inc., a provider of cloud-based transportation-management system (TMS) software, has launched RateFriend, a freight index providing global rate data for road, air, ocean, rail and intermodal transportation.

Available for a monthly subscription fee, the tool is embedded within the company's TMS framework, so that users don't have to log in to a separate website or third-party application. MercuryGate also integrates with other indexing services. RateFriend provides visibility to current spot rates, average contract rates and market trends. It displays rate data by lane, mode and equipment type. Market data for individual lanes can be viewed in real time, while batch capability allows for the analysis of dozens of lanes at once.

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Available for a monthly subscription fee, the tool is embedded within the company's TMS framework, so that users don't have to log in to a separate website or third-party application. MercuryGate also integrates with other indexing services. RateFriend provides visibility to current spot rates, average contract rates and market trends. It displays rate data by lane, mode and equipment type. Market data for individual lanes can be viewed in real time, while batch capability allows for the analysis of dozens of lanes at once.

Read Full Article