The less-than-truckload tech provider will launch a rating solution that will provide a base rate for intra-Canada shipments.
SMC³ is launching a less-than-truckload rating solution in October that will provide a base rate for shipments within Canada.
The new tool is called CzarLite IntraCanada and will launch Oct. 22.
With the addition of CzarLite IntraCanada, SMC³ will be providing LTL base rates for all of North America, the company said.
SMC³ also will update the data for CzarLite on Sept. 24, and on Oct. 22, the company will update the data for CzarLite XL and MexicoLite Intra.
“The overall impact to CzarLite rates will be a 5.9 percent increase within the continental U.S., a 6.5 percent increase for shipments between the U.S. and Canada, and a 6 percent increase for shipments moving between the U.S. and Mexico,” the company said. “IntraCanada rates will rise by 6.5 percent, with the market adjustment for MexicoLite resulting in a 6 percent increase.”
The foundation of the company’s base rates is CzarLite XL. “The backbone of CzarLite XL is an innovative market model created by SMC³ data scientists that resulted from analysis of 116.8 million freight bills from 33 of the largest LTL carriers, a data set unique to SMC³,” the company said.
Headquartered in Peachtree City, Ga., SMC³ has long been a neutral provider of LTL rate and transit time data, traditionally via electronic data interchange. However, as the need for more real-time information has grown, the company has developed application programming interfaces to convey that information to shippers and logistics service providers and through integrations with software providers.
SMC³ sets sights on Canada
