FREIGHT BENCHMARKING CALCULATOR
See how your current rate compares to industry benchmarks and check for potential savings.
Watch your team launch RFQs to 200 carriers and thousands of LSPs, analyze responses, and award business-all before your competitors finish their Excel sheets.










Traditionally, shippers manually collect quotes from hundreds of vendors, standardize the formats themselves, and cross-check rates by hand before awarding. Freight procurement software replaces that manual cycle: it automates RFQ distribution, standardizes carrier responses into one format, flags pricing errors before award, and turns a multi-week tender into a process measured in days.
6 Minutes
To create and launch a 2,000-lane RFQ
Up to 10%
Cost reduction on tendered freight volume
Hundreds → Optimal Mix
Automation calculates the best scenario based on your criteria
Ocean tenders run on contract-vs-spot tradeoffs, carrier space guarantees, and rates that can shift sharply between RFQ and award. Freightos Procure benchmarks ocean quotes against FBX market data at the point of award, so you can catch a carrier response that’s already out of step with the market before you sign.
Air capacity moves faster than ocean, with pricing shaped by weight, volume, and short-term demand spikes rather than fixed contracts. Tenders need shorter cycles and more frequent rate refreshes to stay accurate. Freightos Procure benchmarks air quotes against FAX data, so pricing reflects current capacity, not last quarter’s rates.
FTL tenders involve far more carriers per lane and rates that swing with regional capacity, fuel costs, and seasonality. Comparing hundreds of carrier responses by hand is where most manual errors happen. Freightos Procure standardizes every FTL bid into one format, so lane-level comparisons stay consistent across your entire network.

Freightos Procure’s built-in sanity checks automatically validate and flag every rate submission against predefined rules for format, range, currency, and surcharge logic. No manual cleansing. No spreadsheet audits. No costly surprises at the award.

Freightos Procure compresses the entire tender lifecycle from RFQ creation to carrier response collection to scenario analysis and award. What previously required months of spreadsheet management, manual carrier communication, and error-prone evaluation now runs through automated workflows.

Benchmark carrier quotes against FBX/FAX market data to identify outliers and validate pricing. Use real-time market intelligence from Freightos Terminal to inform your tender strategy, set target rates, and evaluate whether carrier responses reflect actual market conditions.

Centralize your procurement data and maintain a single source of truth for all stakeholders. Connect effortlessly to any ERP, TMS, or other software in your supply chain ecosystem.
Automated RFQ and Tender Management
Launch RFQs to 200+ carriers and thousands of LSPs in minutes instead of weeks. Clone last year’s tender, adjust it, and rerun – no rebuilding from scratch each cycle.
Multi-Mode Procurement: Ocean, Air and Road
Run tenders across ocean, air, and road from one platform instead of juggling separate processes per mode. Every carrier response comes back in the same standardized format, regardless of mode.
Carrier and Forwarder Bid Comparison
See every quote side by side, with no manual cleanup. Compare on cost, transit time, or sustainability, and let automation calculate the optimal award scenario across hundreds of options.
Rate Benchmarking at Award Time
Check carrier quotes against live FBX and FAX market data before you award, so you catch outliers and confirm pricing reflects actual market conditions and not just the lowest bid.
Contract and Rate-Book Management
Keep contracted rates, surcharges, and expirations in one place instead of scattered spreadsheets. Track every rate change automatically so nothing lapses or gets applied incorrectly.
Integration with TMS and ERP Systems
Connect procurement data directly to your existing ERP or TMS, so award decisions flow straight into execution without manual re-entry or a second source of truth.
FREIGHT BENCHMARKING CALCULATOR
See how your current rate compares to industry benchmarks and check for potential savings.



