FreightWaves’ President George Abernathy and VP of Customer Success and Benchmarking Todd Davis had a virtual fireside chat during Tuesday’s 3PL Summit to discuss benchmarking services for brokers provided by FreightWaves Benchmarking.
Under the program, carriers and now brokers submit their internal financial and operating data to FreightWaves to be compiled for benchmarking — or ranking — purposes. Operators are able to see where they stack up on certain key operating and financial metrics compared to their competitors. Exception range algorithms allow companies to see the areas of operations where they are outperforming their peer groups and where they may be lagging. All of the data is presented anonymously.
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