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DAT iQ surpasses $1 trillion in freight transaction data

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DAT Freight & Analytics announced that its DAT iQ platform has surpassed $1 trillion in analyzed freight transaction data. The platform analyzes anonymized transactions from nearly 670 million invoices across tens of thousands of transportation lanes, spanning almost 15 years of market cycles. The dataset powers DAT iQ RateView and DAT iQ Benchmark services, utilizing advanced machine learning and AI to provide pricing insights. The platform processes truckload, less-than-truckload, and intermodal transportation data daily, offering market demand and pricing trends to freight brokers, shippers, and carriers.

DAT Freight & Analytics ha annunciato che la sua piattaforma DAT iQ ha superato 1 trilione di dollari in dati sulle transazioni di trasporto analizzati. La piattaforma analizza transazioni anonimizzate da quasi 670 milioni di fatture attraverso decine di migliaia di percorsi di trasporto, coprendo quasi 15 anni di cicli di mercato. Il set di dati alimenta i servizi DAT iQ RateView e DAT iQ Benchmark, utilizzando avanzate tecnologie di machine learning e intelligenza artificiale per fornire intuizioni sui prezzi. La piattaforma elabora quotidianamente dati sui carichi completi, parziali e intermodali, offrendo tendenze della domanda di mercato e dei prezzi a broker di freight, spedizionieri e vettori.

DAT Freight & Analytics anunció que su plataforma DAT iQ ha superado 1 billón de dólares en datos de transacciones de carga analizados. La plataforma analiza transacciones anonimizadas de casi 670 millones de facturas a través de decenas de miles de rutas de transporte, abarcando casi 15 años de ciclos de mercado. El conjunto de datos alimenta los servicios DAT iQ RateView y DAT iQ Benchmark, utilizando aprendizaje automático avanzado e inteligencia artificial para proporcionar información sobre precios. La plataforma procesa diariamente datos de carga completa, carga parcial e intermodal, ofreciendo tendencias de demanda del mercado y precios a corredores de carga, embarcadores y transportistas.

DAT Freight & Analytics는 자사의 DAT iQ 플랫폼이 분석된 화물 거래 데이터에서 1조 달러를 초과했다고 발표했습니다. 이 플랫폼은 거의 6억 7천만 개의 송장에서 익명화된 거래를 분석하며, 수만 개의 운송 경로를 가로질러 거의 15년 간의 시장 주기를 포함합니다. 이 데이터 세트는 DAT iQ RateView 및 DAT iQ Benchmark 서비스에 힘을 주며, 고급 기계 학습 및 인공지능을 활용하여 가격 통찰력을 제공합니다. 이 플랫폼은 매일 트럭 적재량, 부분 트럭 적재량 및 다중 모드 운송 데이터를 처리하여 화물 중개인, 발송인 및 운송업체에 시장 수요와 가격 추세를 제공합니다.

DAT Freight & Analytics a annoncé que sa plateforme DAT iQ a dépassé 1 billion de dollars en données d'analyse des transactions de fret. La plateforme analyse des transactions anonymisées provenant de près de 670 millions de factures à travers des milliers de voies de transport, couvrant près de 15 ans de cycles de marché. L'ensemble de données alimente les services DAT iQ RateView et DAT iQ Benchmark, utilisant des technologies avancées d'apprentissage automatique et d'intelligence artificielle pour fournir des insights tarifaires. La plateforme traite quotidiennement des données sur les chargements complets, les chargements partiels et le transport intermodal, offrant des tendances de demande et de prix aux courtiers en fret, expéditeurs et transporteurs.

DAT Freight & Analytics gab bekannt, dass ihre DAT iQ Plattform die Grenze von 1 Billion Dollar bei analysierten Frachttransaktionsdaten überschritten hat. Die Plattform analysiert anonymisierte Transaktionen von fast 670 Millionen Rechnungen über zehntausende von Transportstrecken hinweg und deckt fast 15 Jahre Marktzyklen ab. Der Datensatz treibt die DAT iQ RateView und DAT iQ Benchmark-Dienste an und nutzt fortgeschrittene maschinelles Lernen und KI, um Preistrends zu liefern. Die Plattform verarbeitet täglich Daten zu Frachtladungen, Teilladungen und intermodalem Transport und bietet Marktnachfrage sowie Preistrends für Frachtvermittler, Versender und Spediteure.

Positive
  • Platform reached significant milestone of $1 trillion in analyzed freight transactions
  • Extensive database of 670 million invoices across thousands of lanes
  • Diverse data sources covering multiple transportation types (truckload, less-than-truckload, intermodal)
  • Daily data updates ensuring current market insights
Negative
  • None.

Insights

The milestone of $1 trillion in analyzed freight transaction data represents a significant advancement in freight market intelligence. This extensive dataset, comprising 670 million invoices across 15 years, provides unprecedented visibility into pricing trends and market dynamics. The integration of machine learning and AI for rate predictions, combined with real transaction data rather than proxy data, offers superior market insights for stakeholders.

The platform's ability to analyze low-volume lanes and provide reliable rate inferences addresses a critical market gap, particularly valuable for shippers and brokers operating in niche routes. The daily data updates and diverse sources spanning truckload, LTL and intermodal transportation create a robust foundation for market analysis and pricing strategies.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- DAT Freight & Analytics announced that the value of freight transactions analyzed by its DAT iQ platform now exceeds $1 trillion, affirming its position as the industry’s most comprehensive dataset for forecasting and benchmarking truckload, less-than-truckload, and intermodal pricing.

DAT iQ surpasses <money>$1 trillion</money> in freight transaction data (Graphic: DAT Freight & Analytics)

DAT iQ surpasses $1 trillion in freight transaction data (Graphic: DAT Freight & Analytics)

Using invoices submitted by freight shippers and brokers, DAT iQ analyzes anonymized transactions to help freight brokers, shippers, and carriers understand and anticipate trends in market demand and pricing.

The data comes from nearly 670 million separate invoices covering tens of thousands of transportation lanes over almost 15 years of market cycles.

“DAT pioneered truck-transportation analytics in 2010 when we started collecting invoice data to produce benchmark rates and forecasts based on real transactions for loads moved,” said Jeff Clementz, DAT President and Chief Executive Officer. “Today, we have $1 trillion in verified freight transactions—real loads that moved. Where other analytics services fill gaps with proxy data, we deliver the clearest picture of past performance, current conditions, and future trends.”

The $1 trillion dataset powers DAT iQ RateView, the industry’s most popular truckload pricing tool, and DAT iQ Benchmark, the transportation procurement intelligence service for shippers. Using advanced machine learning and artificial intelligence, DAT iQ gives all parties in the freight transaction a single source of truth, or at least a starting point from which they can validate if their pricing is aligned with market trends today and into the future.

“Having the industry’s largest set of transaction data allows our models to learn the complexities of freight pricing, reduce bias and errors, and produce more accurate predictions,” said Ken Adamo, DAT Chief of Analytics. “It also allows us to reliably infer rates where no data exists or the data is sparse, which is ideal for those low-volume lanes that shippers depend on brokers to cover.”

DAT iQ models consume new data daily. An increasingly diverse pool of truckload, less-than-truckload, and intermodal transportation data sources mitigates the risk of any single provider or type of freight significantly influencing the results.

“With the trust and cooperation of customers collectively sharing invoice data, DAT iQ has become the leader in actionable intelligence and the starting point for honest negotiations,” Clementz said. “We’re proud of this milestone and grateful for our contributors.”

DAT announced its $1 trillion milestone at its DATCON24 user conference taking place this week in Kansas City, Missouri. For more information about DAT iQ, visit www.dat.com/iq.

About DAT Freight & Analytics

DAT Freight & Analytics operates the largest truckload freight marketplace and truckload freight data analytics service in North America. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on more than 400 million annual freight matches and a database of $1 trillion in freight market transactions.

Founded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. DAT is headquartered in Beaverton, Oregon.

Georgia Jablon

Corporate Communications, DAT Freight & Analytics

PR@dat.com / georgia.jablon@dat.com; 904-305-6454

Source: DAT Freight & Analytics

FAQ

How much freight transaction data does DAT iQ analyze?

DAT iQ analyzes over $1 trillion in freight transaction data from nearly 670 million separate invoices.

What types of transportation data does DAT iQ analyze?

DAT iQ analyzes truckload, less-than-truckload, and intermodal pricing data.

How long has DAT been collecting freight transaction data?

DAT has been collecting freight transaction data since 2010, covering almost 15 years of market cycles.

What services are powered by DAT iQ's dataset?

The dataset powers DAT iQ RateView, a truckload pricing tool, and DAT iQ Benchmark, a transportation procurement intelligence service for shippers.

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