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Rate Index

Discussion in 'Freight Broker Forum' started by 6wheeler, Aug 25, 2012.

  1. Aug 25, 2012 #1
    6wheeler

    6wheeler Road Train Member

    2,696
    4,774
    Aug 30, 2009
    0
    Does anyone know where the "Rate Index" comes from?

    Like the last thing brokers want to post is how much the freight is paying, so where is this info getting it from?
    Like where is the math for this coming from?

    I find the rate index on 2 of the load boards that I use to be false most of the time.
     
    6wheeler, Aug 25, 2012
    6wheeler, Aug 25, 2012
    #1
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  3. Aug 25, 2012 #2
    Night Train Logistics

    Night Train Logistics Bobtail Member

    34
    7
    Jun 20, 2012
    Fort Payne, AL
    0
    Yea I know just what you are saying.

    Rate index,, Market Reports,,

    Are only a guide line. and are always 3 to 6 months behind or are compared to last years rates.

    ,it,s kinda like a rule of thumb and as you know in the Trucking Industry everything is changing all the time
    ..Like. available trucks in the area,,, Preferred Lanes,,,, fuel prices.,,, small trucking company's taking any thing they can get and even the big boy,s that can do it for cheap...
    Makes it tough to get good rates..

    Develop a personal relationship with your shippers/ brokers by being 1st class and then you can get the best rates the market report will never tell you about..
     
    Night Train Logistics, Aug 25, 2012
    Night Train Logistics, Aug 25, 2012
    #2
  4. Aug 25, 2012 #3
    Night Train Logistics

    Night Train Logistics Bobtail Member

    34
    7
    Jun 20, 2012
    Fort Payne, AL
    0
    Oh buy the way I forgot to tell you the market report comes from the Federal Governmental Dept Of Market Indicators ..
     
    Night Train Logistics, Aug 25, 2012
    Night Train Logistics, Aug 25, 2012
    #3
  5. Aug 25, 2012 #4
    apyles

    apyles Medium Load Member

    449
    142
    Oct 21, 2011
    Newbern,Tn
    0
    there you go! That's the problem
     
    apyles, Aug 25, 2012
    apyles, Aug 25, 2012
    #4
    BoyWander Thanks this.
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