Chainalytics Rebrands Transportation Benchmarking Consortium

ATLANTA --(BUSINESS WIRE)--Chainalytics LLC, a leading supply chain research, analytics, and advisory firm focused on enabling fact-based supply chain decisions, announced today that it will rebrand its Model-Based Benchmarking Consortium as the Freight Market Intelligence Consortium. The Freight Market Intelligence Consortium better reflects the function and value of the services provided in light of several recent innovations to the supply chain intelligence offering.

“Our focus is evolving as transportation buyers face increasing amounts of uncertainty in both market dynamics and operational practices”

In 2003, Chainalytics launched a model-based benchmarking consortium to analyze and benchmark freight rates in the truckload market. Today, Chainalytics produces more than 90 freight benchmarking models per year -- spanning the truckload, intermodal, less-than-truckload, and global ocean container markets -- with plans to introduce services supporting heavyweight air freight in 2012. Across all modes, Chainalytics analyzes more than 23 million shipments, totaling $26 billion in transportation spend and representing 100 consortium member companies from manufacturing, retail, wholesale, and third-party logistics.

In addition to expanding services across modes, Chainalytics has increased the depth of freight market intelligence provided. Beyond freight rate benchmarking, members of Chainalytics’ Freight Market Intelligence Consortium receive policy and portfolio assessments as well as trend reporting and predictive analytics. Chainalytics will also launch the Integrated Freight Marketing Intelligence (iFMI) Server in January 2012 which offers members -- both shippers and 3PLs -- the ability to integrate market intelligence and predictive models into a wide range of enterprise systems.

“Chainalytics' model-based benchmarking services have proved quite insightful over the years, and we have adopted these learnings into our operational planning and decisions,” said Farhan Khan, Manager of Logistics Services at Nestlé USA. “We expect that Chainalytics will continue to use its deep skills in data-mining and analysis to drive further innovation in this area. These efforts help advance our shipper community's understanding of transportation complexities and allow for better decisions.”