SMC³ Introduces CzarLite® XL, a Next Generation Pricing System
SMC³ has unveiled CzarLite® XL, an advanced pricing system solution that gives shippers, logistics service providers and carriers a new neutral benchmark choice when negotiating LTL shipping rates. As a new alternative to the most widely used tariff in the transportation industry, SMC³’s CzarLite, CzarLite® XL gives customer an adjusted baseline that reflects modern market conditions.
Among other things, the re-indexed base rate addresses the pervasive industry issue of rampant discounting by reducing the numbers involved in the entire pricing system in order to shrink the level of discounting required. Shippers, carriers and third-party logistics providers will pay relatively the same net rate as before re-indexing while minimizing their negotiated discounts. These smaller numbers will streamline operations and lessen the growing burden on overworked TMS solutions.
The backbone of CzarLite® XL is SMC³’s innovative market model that provides a complete picture of the LTL marketplace. SMC³ data scientists created this metric by conducting a blind analysis of 116.8 million freight bills from 33 of the largest LTL carriers.
By using CzarLite® XL, customers can achieve a better understanding of how the pricing system relates to modern economic factors and the LTL pricing market.
“While our signature CzarLite® product continues to be the most reliable and trusted base rating tool in the industry, SMC³ continues to innovate as the industry changes and shippers and carriers demand new rating tools. CzarLite® XL is just one way SMC³ is bringing value and options to the industry,” said Jack Middleton, CEO of SMC³.
Due to the repeatable methodology behind CzarLite® XL, SMC³ will be able to repeat the analysis process as freight flows change and the marketplace shifts, making adjustments as needed. CzarLite® XL also features rating in both classification and density standards, 139 high-cost areas and a reduction of allowed minimum charges to one per shipment.
For more about the features of CzarLite® XL, read the white paper, “The Case for a Re-Indexed Benchmark Pricing System,” and the CzarLite® XL data sheet. Both can be found at www.smc3.com
SMC³ is the leading provider of data, technology and education as an integrated solution to the freight transportation community. SMC³ delivers its core competency – LTL pricing expertise – through collaborative pricing technology that supports end-to-end, ongoing predictability in shipper/3PL-carrier relationships. Best known for its CzarLite®, Bid$ense® and RateWare® solutions, the company serves more than 4,000 customers throughout North America, including shippers, carriers, logistics service providers and freight payment companies. The company also partners with leading transportation software developers for complete interoperability. For more information about SMC³, visit www.smc3.com
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