FREIGHT BENCHMARKING CALCULATOR
See how your current rate compares to industry benchmarks and check for potential savings.
Freight Benchmarking Calculator
Benchmark Shipping and Logistics With Our Comparison Tool
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Supply Chain Experts
Ready to Benchmark?
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Contract Upload & Analysis
Granular Filtering
ENHANCE YOUR NEGOTIATION POWER
Make informed decisions by comparing freight rates across vendors and trade lanes, saving time and reducing complexity.
MAXIMIZE SAVINGS ACROSS SUPPLIERS
Are you leaving money on the table? Benchmark ocean and freight rates against a comprehensive database of real-time spot rates.
confidently present data to stakeholders
Generate accurate rate data quickly, and gain the confidence you need to present to senior executives and finance teams.
Frequently Asked Questions About Freight Benchmarking Calculator
How is the data calculated?
The data comes from the Freightos global e-booking platform of thousands of forwarders and dozens of carriers. We aggregate and anonymize this data to calculate price statistics across various levels, including minimum, market low, market mid-low, market mid, mid-high, high, and maximum. These different price levels cater to customers with varying shipping volumes and buying power. Freightos Terminal helps you identify your own price level based on your historical rates and the historical spot market prices.
What types of freight rates can I compare with this calculator?
You can compare ocean or air freight rates, as well as filter by trade lane, surcharges like BAF, PSS, and GRI, as well as IMO/LSS, temperature-controlled, and dangerous goods rates. Find the exact insights you need by drilling down into the specifics that matter most to your business.
How accurate are the freight rate benchmarks?
Unlike traditional data providers that rely on voluntary data submissions – often incomplete, averaged, and potentially skewed to favor the submitter – Freightos Terminal sources its data directly from transactional procurement and booking systems. This ensures that every rate you see is based on real bookings, not estimates or selective reporting. Because our data is tied to actual transactions, it’s inherently accurate, up to date, and free from bias. While others offer a filtered view, Freightos delivers the full picture – providing rate benchmarks you can actually rely on, representative and comparable.
Can I customize the freight rate ROI calculator to fit my specific business needs?
Yes! Simply upload your contracted rates, and Freightos Terminal will automatically compare them to live market benchmarks. You can also filter by trade lane to get the insights that matter most to your business helping you benchmark shipping and logistics.
Are the benchmarking results based on real market data?
Freightos Terminal provides daily rate updates, ensuring you always have access to fresh, real-time pricing, for benchmarking shipping and logistics decision making.
How does benchmarking work?
Freight benchmarking lets you compare complex and varied rate sheets from multiple vendors visually, eliminating the need to sift through Excel files. Furthermore, it supports monthly KPI tracking of average trade lane prices, helping you monitor whether your vendors are increasing or decreasing their prices and ensuring alignment with broader spot market prices.
It also identifies lanes with the best potential savings and shows how your total freight spend changes over time, providing a clear and comprehensive view of market positioning and cost efficiency.
It also identifies lanes with the best potential savings and shows how your total freight spend changes over time, providing a clear and comprehensive view of market positioning and cost efficiency.
Can I export my benchmarking data for internal reporting?
Absolutely. Freightos Terminal lets you export reports so you can easily share insights with stakeholders, finance teams, and procurement decision-makers – helping everyone stay aligned on freight costs and strategy.
Can I track historical freight rates for more comprehensive analysis?
Yes! You can track and analyze rate movements over time to spot patterns, anticipate shifts, and negotiate smarter, future-ready contracts.
