Market Price Index
There are many known pricing indexes throughout the industry showing average
rates per mile charged on both the truckload and partial/LTL side of our business.
Prior to the development of these pricing indexes, the industry was characterized
by a lack of accurate pricing information. This information is critical to
all traffic managers to qualify freight quotes before making a carrier selection.
The majority of indexes base their pricing on actual dated freight bills.
The problem with using dated freight bills is just that – they are dated.
Since Sept. 11, 2001, the transportation industry has changed significantly.
Operating cost (both diesel fuel and insurance more than doubling) and asset
capacity shortage due to industry consolidation and thousands of bankruptcies
have caused the price per mile, hundred weight, and flat rates to fluctuate
dramatically. Also, fuel surcharges that used to be 1% to 4% have reached levels
well over 10% today. Due to the pricing fluctuations and skyrocketing operating
expenses, owner operators are selling their equipment and getting out of the
business more and more each year.
FlatbedSource provides their proprietary Flatbed Market Price Index for you
to make an educated decision in the pricing category of making a carrier selection:
- FlatbedSource uses a theoretical model that reflects the compilation of current pricing over the past 12 months which provides the most accurate assessment of actual flatbed market rates in the industry.
- FlatbedSource analytical study of each major point-to-point lane provides the most accurate pricing matrix available specific to the flatbed industry
- FlatbedSource’s Flatbed Market Price Index enables traffic managers to compare their individual rates to current average rates thus decreasing price inefficiencies.
- Flatbed Source’s index also provides traffic managers a viable resource that provides current market pricing in unfamiliar and/or new traffic lanes.