We’re excited to unveil the new Rate & Route tool by TransmetriQ, a powerful solution that transforms how rail shippers evaluate route and rate options across North America. Designed to streamline decision-making for carload shipments, this tool provides instant, comprehensive rate and route options—reducing the time and complexity traditionally involved in selecting rail routes.
Rail shippers often face the challenge of navigating multiple industry sources to identify the best routes and rates for each origin-destination (OD) pair. Until now, determining the most cost-effective and time-efficient route could take hours or even days, with data dispersed across various PDFs, websites, and additional resources. TransmetriQ’s Rate & Route tool changes the game by presenting complete OD-pair rate and route options at a glance, freeing up time and enabling smarter, faster decision-making.
How It Works: Leveraging AI for Instant Insights
With advanced AI and machine learning capabilities, the Rate & Route tool processes shippers' contract and public rates, consolidating them into a single, searchable tool. “Following an initial intake of a shipper’s rates, Rate & Route can instantly present full rate and route options for any carload shipment,” explains Danny Dever, Senior Product Manager at TransmetriQ. This solution allows shippers to evaluate distance, costs, and other factors to choose the option that best meets their unique business needs, all from one convenient platform.
Shippers now have the power to make more informed choices quickly—whether serving existing clients, quoting rates under tight deadlines, or shipping to new destinations. By offering both public tariffs and a shipper's contract rates alongside actual waybill and operational routes, Rate & Route provides a realistic view of expected transit.
TransmetriQ’s Rate & Route tool offers rail shippers quick, visual route comparisons to find the best route for their needs.
Meeting the Needs of Rail Shippers
After a year of development and listening to shipper feedback, TransmetriQ created Rate & Route to address one of the most pressing challenges in rail shipping: the consolidation of disparate rate data. With rates stored in TransmetriQ instead of various spreadsheets, railroad web sites, and PDFs, shippers can compare and select the optimal route in seconds.
Access to this vital data makes it easier for shippers to quickly respond to new business opportunities and serve customers with precision, providing a critical edge in a competitive market.
A Greener Solution for Rail Logistics
Beyond operational benefits, Rate & Route aligns with TransmetriQ’s commitment to sustainability. Rail is already one of the most efficient methods of transporting freight over land, reducing greenhouse gas emissions by about 75% compared to trucking. Mika Majapuro, Vice President at TransmetriQ, notes, “TransmetriQ’s Rate & Route makes rail logistics even more appealing by offering the visibility shippers need to make informed, sustainable choices for their supply chains.”
To learn more about TransmetriQ’s Rate & Route tool and how it can simplify your rail routing decisions, click here.