Industry information provider SMC3 announced the development and availability of CzarLite XL, a pricing system for use in negotiating less-than-truckload rates.
Atlanta-based SMC3 said the tool is “a new neutral benchmark choice” to provide shippers, carriers and other users with adjusted base rates that reflect the effects of widespread discounting.
The program is designed to speed up the process of determining rates by using a “re-indexing” of the base rate, based on an analysis of 116.8 million freight bills from 33 carriers, the statement said. Rates based on classification and density standards are available with CzarLite XL.
“By using CzarLite XL, customers can achieve a better understanding of how the pricing system relates to modern economic factors and the LTL pricing market,” the statement said.
“While our signature CzarLite product continues to be the most reliable and trusted base rating tool in the industry, SMC3 continues to innovate as the industry changes and shippers and carriers demand new rating tools. CzarLite XL is just one way SMC3 is bringing value and options to the industry,” said Jack Middleton, CEO of SMC3.