RTS brings perspective as an asset-based freight broker and software developer
PORTLAND, Ore., March 09, 2020 (GLOBE NEWSWIRE) -- DAT Solutions announced today that Reliable Transportation Solutions (RTS), a third-party logistics provider with locations in Cincinnati and Georgetown, Ohio, has joined its pilot program with early access to a suite of new automated truckload rate and market analytics tools fueled by DAT’s industry-standard pricing database.
DAT’s pricing forecasts are based on current market conditions, price momentum, and five years of truckload rate and transaction information. RTS will also incorporate a new Market Conditions Index from DAT based on spot market load and truck posts and searches, transaction behavior, and historical trends.
“We have a unique perspective as not only a 3PL that develops proprietary supply chain management software, but also as an asset-based carrier, so we are able to see both sides in real-time,” said Lucas Brown, Chief Executive Officer at RTS. “We’ve built our business on the use of innovative technology to make pricing and transportation planning more transparent and efficient. We’re looking forward to implementing these tools, being a good feedback partner, and taking full advantage of what DAT has to offer.”
DAT’s analytics and forecasting tools are powered by RateView, the most accurate and complete source of spot and contract rate data available with $68 billion of actual market transactions each year.
“As we test our new pricing models and analytics tools, RTS has a level of expertise in logistics and software development that makes them an important voice in our early-access program,” said Claude Pumilia, DAT Solutions CEO and President. “We’re excited to collaborate with the RTS team.”
More than 20 3PLs, carriers, and shippers are currently participating in DAT’s pilot program. The company’s new suite of price forecasting, market-based analytics, and one-click rate confirmation tools will be commercially available in April.
About DAT Solutions
DAT operates the largest truckload freight marketplace in North America. Transportation brokers, motor carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on 183 million freight matches and a database of $68 billion in annual market transactions. As the industry standard in truckload pricing, DAT’s freight rate database also provides the index prices for freight futures contracts. Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (ROP), a diversified technology company and constituent of the S&P 500, Fortune 1000, and Russell 1000 indices.
Eileen Hart | VP Marketing & Corporate Communications
Eileen.Hart@dat.com | 503-672-5132
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About Reliable Transportation Solutions
Reliable Transportation Solutions is a third-party transportation company with locations in Georgetown and Cincinnati, Ohio. RTS managed more than 30,000 shipments for customers around the world in 2019 through its freight brokerage operations and asset-based truckload division, RTS Lines. The company combines logistics expertise with proprietary software to help customers make confident, data-driven decisions about their supply chain.
Alana Gale | Communications Coordinator
Alana.Gale@relyonrts.com | 937-378-2700
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