Modeling Lanes · Freight Group

Modeling Lanes

I've always wanted to create a process to model a specific lane so that it's possible to predict a percentage chance of coverage, given a specific rate on a lane. This would be used as a sort of confidence indicator on the health of a bid vs. the market.

With DAT and Truckstop's rate engines, it's not possible to model anything useful since (IMO) we don't have access to the specific data points which make up the number that DAT/Truckstop spits at you.

I'm at a point where I'm looking at purchasing access to smaller rate engine that could maybe give out more detail on the specific data-set comprising lane pricing.

My questions are these:

1. Has anyone at your company attempted something like this? Did it succeed?

2. Anyone with education in statistical analysis, is there anything useful to extract from DAT/TS? Is there a way to model a right-skew distribution with the given data? (I don't think so, but I'm not educated in that area).

3. Do you know any rate engines or lane pricing data service that provides specific data points on each lane? Such as date, rate paid, lane.

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