SMC³ Updates CzarLite Rates for North America
SMC³ has announced the data in CzarLite® will be updated effective September 23, 2019. The changes reflect the economic impact of rising transportation expenses and updates to the United States, Canadian and Mexican postal code systems.
CzarLite base rate updates do not include fuel price adjustments, which are addressed separately by each carrier. SMC³ regularly updates its CzarLite family of products, independent of carrier base rates, to reflect the current market.
Updating CzarLite involves computations that reflect U.S. motor carriers’ operating expenses – costs that include geographic labor variations; speed, weight and restricted road limits; chronic head-haul imbalances; and other factors. The overall revenue change for SMC³’s CzarLite products is 5.4 percent, but the rate change on any individual shipment, lane or region from the CzarLite 2018 base rates can vary widely.
SMC³’s consulting economists have certified the methodology behind the CzarLite update to ensure the data and processes are accurate and the update produces equitable baseline rates. These consulting economists have experience with the transportation industry and lengthy histories of economic analysis, research and forecasting. Their recommendations related to the economic portion of the CzarLite update assure the practical, fair and unbiased nature of CzarLite rates.
SMC³ is the leading provider of data, technology and education as an integrated solution to the freight transportation community. Best known for its CzarLite®, Bid$ense® and RateWare® solutions, the company serves thousands of shippers, carriers, logistics service providers and freight-payment companies with logistics technology solutions spanning the entire shipment lifecyle. SMC³ also partners with leading transportation software developers for complete interoperability
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