How FairTran® Works
FairTran® updates current
cost data throughout each day. We then take the data and process it
through our patent pending algorithm.
The ending result is a reliable dollar per mile index that any
transportation industry professional can use when negotiating with
brokers, carriers, and shippers or analyzing current rates.
FairTran® also allows
carriers to input their current costs into our patent pending algorithm.
This will provide you with a truckload rate specific to the carrier's needs and
financial structure.
For a more detailed explanation of how we arrive at our totals, please take a
look at our Research Method.
There are many uses for the FairTran® Rate
Index. Companies can use it as a base comparison to the actual rates
received or when making bids. Also, the index can be used for comparative
analysis, dispatcher management, incentives, negotiations, etc. FairTran®
simplifies the analytics involved when figuring and analyzing freight
rates.
The Basics
The Market
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