SMC3 is readying an update of its CzarLite family of software for pricing and benchmarking less-than-truckload services. The tool covers shipments within and between the U.S., Canada and Mexico. SMC3's externally certified update process allows for accurate representation of regional pricing benchmarks, the vendor said. CzarLite's aggregated model offers a market-based price list derived from studies of LTL pricing on an industry-wide basis. According to SMC3, the CzarLite pricing system is the basis for thousands of LTL contracts. CzarLite's products, the company added, are licensed to hundreds of carriers, including all 50 of the largest national, multi-regional and regional LTL carriers. The latest update, due for release on March 31, reflects the economic impact of rising freight-transportation expenses, as well as recent changes within the U.S. Postal Service's ZIP code system, and the Canadian and Mexico postal code systems. Consistent with prior updates, CzarLite base-rate adjustments do not include the impact of fuel prices, which are addressed separately and individually by carriers. The mathematical computations that SMC3 employs to update CzarLite are verified by an independent certified public account.
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