What is a "Shipper Spot Rate"?
A shipper spot rate is the price a shipper pays a broker to move a load under a spot market agreement. This is a one-time, on-demand rate—not a long-term contract rate.
Why is the Shipper Spot Rate Add-On important?
Brokers often lack an industry-wide benchmark for what shippers are paying in the spot market. This makes it hard to accurately analyze sell-side margins. The add-on fills that gap by offering a consistent, independent benchmark for shipper-to-broker spot rates.
What are the main benefits?
- Benchmarking: Compare your rates against real market averages.
- Margin analysis: Evaluate your sell-side pricing with greater accuracy.
- Data integration: Available via API and Snowflake for flexible access.
- Confidence: Make pricing decisions with less guesswork and risk.
How is this different from other margin tools?
Most margin tools rely on internal or limited datasets. The DAT Shipper Spot Rate Add-On is based on the industry’s largest dataset, giving you broader and more accurate market visibility.
Who should use this add-on?
- Large brokers who analyze pricing regularly
- Enterprise customers with significant freight volumes
- Brokers contributing to rate datasets
- Users focused on data-driven margin optimization
How do I buy it?
Contact your DAT sales rep or follow the same process you use to purchase other iQ add-ons, like Ratecast.