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Chad Kennedy | The Science and Art Behind DAT iQ Benchmark

Freightvine

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Evolution and Challenges in the Transportation Industry

The chapter discusses the evolution of contract rates, changes in senior management reporting, and the increased use of analytics tools for efficient decision-making in the transportation industry. Topics include negotiating pickup discounts based on benchmark rates, utilizing BI tools for real-time analysis of lane volumes and rates, and the challenges of contract adherence and data cleanliness. The conversation also explores strategies like cutting off low-volume lanes and potentially guaranteeing volumes for more consistent partnerships with carriers.

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