Shipping Cost Analysis with Shipment Benchmarking Software
Optimizing your shipping costs is crucial for maintaining a strong bottom line. CoBroker Pro is proud to introduce a shipping cost analysis service designed to help shippers make informed decisions and secure the best rates in the market. Our shipment benchmarking software offers LTL benchmarking, FTL benchmarking, and multi-modal analysis, giving you the insights you need to negotiate better contracts and optimize your transportation spend.
What is needed for a shipment cost analysis
Our rating engine utilizes excel files to import and run shipment scenarios. The system can accept most TMS exports. We do offer a template for your download. Download the template here.
Start an Analysis
what is shipment cost analysis
Shipment analysis involves a detailed review of your shipping history to assess the efficiency and cost-effectiveness of your logistics operations. By analyzing key shipment data, our benchmarking software compares your current rates against market standards, identifying areas where you can save money or improve service.
WHy does Shipping cost analysis matters
Conducting a thorough shipping cost analysis can reveal hidden costs and inefficiencies in your current logistics strategy. Whether you’re shipping Less Than Truckload (LTL) or Full Truckload (FTL), understanding how your rates compare to the market can lead to significant savings and enhanced service quality.
Key Features of our Shipment cost Analysis Software
CoBroker Pro utilizes the ViewPoint Transportation Management System (TMS) to allow shippers access to a Software as a Service (SaaS) solution. ViewPoint is a leading TMS, powered by industry leading technology for shippers.
LTL Benchmarking
Rate shipments across multiple modes. Upload your current contracts and rate tables to get started.
FTL Benchmarking
Connect with carrier systems through EDI/API connectivity. Bringing visibility to your shipments in one system.
Multi Modal Analysis
The system is able to rate parcel, LTL, volume, contract truckload, and much more. Find all the rates you need in one consolidated place. That is making shipping easy.
Scenario Planning and Contract Validation
Our service goes beyond just historical analysis; it allows for scenario planning and contract validation as well. For example, if you’re considering opening a new distribution center, we can analyze your historical shipment data to predict how freight costs would change if the center were located in a different area. This insight can be invaluable in making informed decisions about expansion. Additionally, when carriers propose contracts claiming significant discounts, our benchmarking can validate these claims. We analyze the line haul rates and other costs to ensure that the discount is genuine and not offset by inflated charges elsewhere. With our service, you can confidently negotiate and select the best contracts for your business.
Our Shipping cost analysis process
Submit Data
Use our form to tell us about your business and upload historical shipment data. The more detailed the data, the more comprehensive the analysis.
Run Analysis
We use ViewPoint TMS to run an optimization benchmarking analysis, comparing your shipment data against current market rates.
Retrieve Results
Our analysis provides helpful tables and insights through our supply chain analytics tools that can guide your contract negotiations and highlight areas for improvement.
Take Action
If your pricing comes back favorable, you can proceed with uploading your contracts into our TMS.