Model-Based Benchmarking Consortium Nears $20 Billion Mark
Atlanta, GA – May 31, 2011 – Chainalytics LLC, a leading supply chain research, analytics, and consulting firm focused on enabling fact-based supply chain decisions, announced today the continued growth of its Model-Based Benchmarking Consortium. The Consortium uses a proprietary econometric regression model to provide strategic freight market intelligence, benchmarking, and comparative analysis to its member companies to enable them to improve their transportation operations.
Originally launched in 2003, the Consortium currently includes market models which analyze rates and rate trends for truckload (including dry van, temperature-controlled, flatbed, and intermodal), less-than-truckload, global ocean container, and third party logistics (3PL) shipments. The flagship truckload model has grown more than 40% year-over-year since its inception to include 95 members that ship over 16.4 million loads in the U.S., Canada, and in and out of Mexico, and spend over $19 billion – more than 6% of the U.S. for-hire market.
The transportation market continues to grow increasingly dynamic. In the face of this increased activity, member companies are finding more and more value in the Consortium.
“Both the quantitative benchmarking and peer connectivity that Chainalytics facilitates provide outstanding value for Pep Boys,” said Josh Dolan, Director, Global Logistics and U.S. Customs Compliance at Pep Boys. “We are able to understand our position to market and better understand the solutions that are being employed by other best-in-class shippers. Pep Boys is fortunate to have Chainalytics as a logistics partner.”
“The growing engagement and collaboration of our members increases the value of the Consortium,” said Matthew Harding, Principal, Transportation Practice at Chainalytics. “We are excited to offer several new service enhancements to the Consortium, including more frequent market models and integration to execution systems. As a result, our members will gain more timely visibility into market shifts and trends.”
At the recent summit of Consortium members, Chainalytics announced its roadmap of current and future service enhancements, including:
- Quarterly model alternative for truckload members to provide up-to-date market intelligence to supplement the current twice-annual benchmarking analysis;
- Assessment of members’ freight policies and portfolios to identify areas of achievement and opportunities for improvement;
- Web services connections to TMS and 3PL providers to allow integration of market intelligence data into planning and analysis workflows;
- Trend reporting and predictive analytics to leverage multi-year data sets to better understand market drivers and develop forward projections;
- Updated global ocean container model to provide semi-annual results; and
- New air freight model.
About Chainalytics
Chainalytics is a professional services firm that enhances competitive advantage and shareholder value through optimized supply chain strategies. Using a fact-based decision making approach, Chainalytics accelerates and improves supply chain performance with particular emphasis in the areas of strategic and tactical planning. Chainalytics offers both project-based and managed services using 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 combination of scale, variability, and geography. With locations in North America and Asia, Chainalytics serves companies globally in a borderless fashion. To learn more, visit www.chainalytics.com.