HOLLAND—BluJay Solutions, a developer of supply chain software and services, has announced the launch of its Freight Market Index (FMI), a monthly report providing transportation market intelligence for shippers, carriers, and industry professionals.
The FMI is comprised of key performance indicators derived from more than $18 billion in annualized freight under management transacting within BluJay’s Global Trade Network. The FMI provides intelligence into key rate, capacity, service, and performance trends by lane, equipment, and other factors, allowing shippers, carriers, and other supply chain experts to understand how performance compares relative to industry standards.
“We are enabling both shippers and carriers to benchmark their performance in ways that were not previously possible, to support identifying potential risks or opportunities for their business, said Bill Madden, vice president of logistics as a service at BluJay. “Our single instance, multi-tenant Transportation Management platform generates a significant amount of data. For the first time, our team has harnessed this data to begin answering questions that many – myself included – have been seeking insights into throughout a career in supply chain. About one in 50 trucks of domestic over-the-road freight transacts through BluJay’s TMS. We have successfully translated this data into usable formats to provide context, trends, and insight that both operators and executives can use to drive decisions specific to their roles within a business.”
BluJay’s Freight Market Index contains real-time data published monthly, with a trailing 36-month view of the quartiled metrics. Independent expert commentary is included on a quarterly basis. The annual subscription is offered at an introductory price for a limited time, with bundle pricing available for other BluData solutions. For more information or to purchase, visit: https://blujay-solutions.myshopify.com.