Overview
The Rates and Analytics API allows you to search by origin, destination, equipment type, and options to see specific Rate Insights calculated for a specific load at today’s going rate. Rate Insights uses machine learning to determine market conditions and estimate today’s market rate.
The Rates and Analytics API is designed to utilize attributes about the load and current marketplace fluctuations to calculate the current “Market Rate”. The output rate prediction may move up or down depending on these key attributes.
Terms/Endpoints
Booked Rate Estimate: The going market prices to book a carrier. They represent the “total” line on a rate confirmation (including any known line items in the cost, like the line haul and fuel, as well as including any additional Services and Requirements like agreeing to an additional $50 for tarping or driver assist)
Posted Rate Estimate: The prices initially offered by brokers and shippers before negotiations occur.
Booked and Posted Four Week Trendlines: For both rate types, this endpoint will give you a datapoint like the Rate Estimate “predicted rate”, or the precise most common price, for each of the last 4 weeks. It will also give the current price. Taken together, these datapoints will give a trend direction for this rate
Booked 36-Month Trendline: Outputs rates predicted values and the predicted range based on loads fields given to the API. The predictions are given by unweighted Catboost models based on last 36 months aggregated paid loads.
Crowdsourcing: Service that is aimed to ingest rates from different customers to be filtered for quality and outliers, and then included in our crowdsourced data in order to improve our market rate accuracy.
Rate Search Scenarios
Load-level Granularity: Includes various variables when searching for rates to identify specific key attributes about a load/lane.
Radius/Interpolation: Rates are calculated specifically for each load, using the exact origin and destination locations. It dynamically uses info about the surrounding market and similar loads, weighting these locations based on how likely that information is to impact the rate
Rate Estimate: For both Booked and Posted rates, the Rate Estimate is the current real-time rate. It gives the lower and upper of the range where most loads will pricing, as well as the “predicted rate”, or the precise price that is most likely.