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CHAINALYTICS ANNOUNCES LESS-THAN-TRUCKLOAD BENCHMARKING MODEL
Continued Innovations Broaden Model-based Benchmarking Consortium to LTL Market
Atlanta - July 7, 2010 - Chainalytics LLC, a supply chain consulting firm focused on enabling fact-based supply chain decisions, announced today the release of its less-than-truckload (LTL) Model-Based Benchmarking Consortium (MBBC). Chainalytics’ initial pilot model has already amassed data representing over 1% of the total LTL market.
Shippers now have access to a set of capabilities, industry insights, and market analysis focused on one of the more challenging aspects of their transportation portfolio: less-than-truckload shipping. Shippers provide detailed freight information and receive a rich set of reports and freight rate estimator tools that compare their performance to a model of the overall market for LTL services.
“Many companies manage freight expense by comparing their rates to those of last year,” said Matthew Harding, Principal, Chainalytics. “By participating in the MBBC, shippers and 3PLs can compare their rates to the overall market and receive immediate insights into their performance relative to peers. We have leveraged our consortium insights into a robust LTL offering right out of the gate.”
Chainalytics’ econometric modeling process isolates the distinct influences that drive how carriers price, including freight class, minimum charges, distance, and weight. The impact of each distinct attribute provides a wealth of insight to LTL-specific transportation cost drivers. Shippers also participate in an LTL-focused survey that compares fuel programs, operational factors, and accessorials.
Chainalytics offers benchmarking services for shippers and 3PLs and has successfully delivered benchmark services for truckload, less-than-truckload, intermodal, flatbed, temperature controlled, and ocean freight markets. With the release of their online batch processing technology, Chainalytics MBBC has supported over 8 million lane-specific lookups this year alone.
Chainalytics will provide further insight into its LTL benchmarking model at its LTL webinar, Benchmarking Processes and Unique Cost Drivers for LTL on July 14, 2010 at 3 p.m. EDT. For more information or to register to attend, please contact John Schnorf at jschnorf@chainalytics.com or 770-433-1566.
About Chainalytics
Chainalytics is a professional services firm that enhances competitive advantage and shareholder value through optimized supply chain strategies. Chainalytics' fact-based decision making approach improves and innovates our clients' strategies and tactics with particular emphasis on supply chain design, transportation strategies, inventory strategies, and product and customer portfolio planning. Offered as both project-based and managed services, this approach is achieved via a unique combination of domain expertise, resilient methodologies, and exclusive research and content - all supported by the world's most advanced decision sciences tools and techniques. Chainalytics targets enterprises with a high degree of complexity created by their unique combinations of scale, change and geography. With offices in North America and Asia, Chainalytics serves companies globally in a borderless fashion. Learn more at www.chainalytics.com.
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