June 6, 2023

Shipwell Expands Capabilities Through DAT Freight & Analytics Partnership

In a significant move aimed at further enhancing its services and providing greater value to customers, Shipwell, the leading logistics technology company, has announced a strategic partnership with DAT Freight & Analytics (NewsFile). This exciting collaboration brings together the expertise and resources of both companies, paving the way for new capabilities that will revolutionize the transportation industry. With this partnership, Shipwell aims to empower businesses with advanced freight and analytics solutions, offering unparalleled insights and efficiencies throughout the supply chain.

By leveraging the strengths of both companies, customers can expect a range of new capabilities that will reshape how they approach market rates for capacity. The new partnership offers Shipwell TMS customers seamless integration with a DAT RateView subscription, providing real-time dynamic ratings and invaluable market rate intelligence directly within the TMS platform interface. Additionally, users can effortlessly add the integration from Shipwell’s Integration Marketplace with a single click, allowing them to post loads, search for capacity, and leverage the Book Now feature.

The incorporation of dynamic rating in Shipwell's TMS delivers numerous benefits to shippers, carriers, and brokers within the logistics industry:

1. Real-time market insights

By accessing up-to-date market rates, dynamic rating empowers users to make informed decisions when negotiating and selecting carrier partners for their shipments.

2. Cost optimization

The collaboration with DAT Freight & Analytics brings powerful data analytics and insights to Shipwell's platform. By integrating DAT's robust freight data and market intelligence, Shipwell users can access real-time market rates, spot trends, and make informed decisions. The partnership enables customers to optimize their freight strategies, identify cost-saving opportunities, and adapt to changing market conditions with confidence. Real-time market rates provided by dynamic rating enable shippers to identify the most cost-effective shipping options, resulting in reduced freight spend.

3. Enhanced market visibility

Shippers gain comprehensive knowledge of market trends, enabling them to make data-driven decisions and optimize their supply chain strategies. Shipwell customers will benefit from enhanced analytics and reporting capabilities powered by DAT Freight & Analytics. Through comprehensive dashboards and customized reports, users gain deep visibility into their transportation operations. Key performance metrics, historical trends, and actionable insights enable data-driven performance evaluation and continuous improvement.

4. Improved agility

Shipwell users can tap into real-time market rates, spot trends, and adjust pricing strategies accordingly. This flexibility allows for agile decision-making, ensuring competitiveness in a rapidly changing market environment. Dynamic rating enables users to quickly adapt to changing market conditions, ensuring they secure the best rates and capacity as demand fluctuates.

5. Increased efficiency

The partnership focuses on enhancing operational efficiencies and streamlining workflows. Shipwell's intuitive platform, combined with DAT's powerful tools, allows for seamless integration and synchronization of data across systems. This integration minimizes manual data entry, reduces errors, and accelerates processes, resulting in time and cost savings. Integrating dynamic rating within Shipwell's TMS streamlines the rate comparison process, reducing manual work and saving time for logistics professionals.

“Integrating dynamic rating into our workflow in the Shipwell system has been a game-changer for our logistics operations."

Johnny Craddock, Director of Transportation, Shopify

One of the early adopters of Shipwell's dynamic rating functionality is Shopify, a leading e-commerce platform provider. Johnny Craddock, Director of Transportation at Shopify, shared his experience, stating, “Integrating dynamic rating into our workflow in the Shipwell system has been a game-changer for our logistics operations. We now have real-time access to market rates, which has allowed us to optimize our shipping costs and respond quickly to fluctuations in demand. The enhanced visibility provided by dynamic rating has enabled us to make data-driven decisions and develop more effective supply chain strategies, ultimately improving our overall efficiency and bottom line."

The integration also encompasses DAT Load Board, streamlining the freight capacity search process within Shipwell TMS and granting shippers enhanced access to the renowned DAT carrier network. Shippers can now effortlessly post available loads, discover potential new carrier partners, and supplement contracted capacity. Shipwell TMS's Book Now feature enables shippers to automate the booking process through DAT's exceptional freight-matching capabilities.

Shipwell CEO and Co-Founder, Greg Price, expressed enthusiasm about the collaboration, stating, "We're delighted to join forces with DAT to provide our customers with a seamless, value-added experience when accessing data insights and services from North America's largest freight marketplace DAT, all within the Shipwell TMS. Our highly-rated software design and user experience make it easy for shippers to leverage the valuable rate intelligence offered by DAT IQ for better pricing decisions, along with the convenience of load posting and capacity access across the esteemed DAT carrier network."

Within the Shipwell TMS, shippers can view DAT dynamic spot and contract truckload market rates alongside their historical shipments and rates, enabling benchmarking, trend identification, and improved alignment with the freight market.

Mike Weaver, Vice President of Sales at DAT, expressed excitement about the collaboration, saying, "We're thrilled to collaborate with Shipwell to bring enhanced efficiency and transparency to the shipping and logistics sector. The Shipwell integration allows more shippers to access the right capacity and rates at the ideal moment, granting them increased control over their freight expenses and improving profitability."

"The Shipwell integration allows more shippers to access the right capacity and rates at the ideal moment, granting them increased control over their freight expenses and improving profitability."

Mike Weaver, Vice President of Sales, DAT Freight & Analytics

Shipwell's collaboration with DAT Freight & Analytics represents a significant milestone in the logistics industry. This partnership brings forth new possibilities, allowing businesses to leverage advanced freight and analytics capabilities. By combining Shipwell's leading-edge technology platform with DAT's extensive network and market intelligence, customers can unlock enhanced efficiencies, make data-driven decisions, and navigate the complexities of the supply chain with ease. With this partnership, Shipwell reaffirms its commitment to providing innovative solutions and empowering businesses to thrive in the ever-evolving logistics landscape.

About Shipwell

Shipwell empowers supply chains with increased efficiency and service effectiveness at scale. We expand functional coverage and accessibility, including capabilities previously unattainable for most shippers in terms of technical reach and affordability. Our all-inclusive solution combines everything shippers need—transportation management, visibility, and procurement — within an easy-to-use platform, facilitating seamless operation, management, and optimization of the entire process. Industry experts, including Gartner, Food Logistics, FreightWaves, Deloitte, and Forbes, have repeatedly recognized Shipwell's market impact and leadership in the logistics industry.

About DAT Freight & Analytics

DAT Freight & Analytics operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, shippers, news organizations, and industry analysts rely on DAT for market trends and data insights based on 400 million freight matches and a database of $150 billion in annual market transactions. To learn more, visit www.dat.com  

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