With the release of their online batch processing technology, Chainalytics MBBC
has supported over 8 million lane-specific lookups this year alone.
Chainalytics is the market leader in transportation benchmarking with its MBBC
member base reaching $15B in annual freight spend," said Evan Armstrong, President of Armstrong & Associates.
The MBBC is a group of shipper companies that use a proprietary econometric model to better understand how they are procuring and managing freight transportation services.
My internal users were skeptical at first about using the MBBC estimated rates," said one consortium member.
In addition, MBBC evaluates the impact of management practices and policies on rates, including fuel surcharge program structure, accessorial programs, lane definition, and carrier performance metrics.
Transportation professionals are under a lot of pressure to reduce costs and improve service, and are turning to the MBBC to help them collaborate across companies to reduce empty miles," said Gary Girotti, vice president of transportation services at Chainalytics.
In 2003, Chainalytics created the MBBC, a group of shipper companies that use the model-based benchmark to better understand how they are performing in the market.
The MBBC consortium helps its members keep the pulse on the very dynamic transportation market.
MBBC Estimators help members analyze lanes on which they do not currently operate and can highlight the competitive rate for any origin-destination pair.
MBBC will continue to provide its members with valuable insight as we expand our analysis further into qualitative assessments of transportation practices.
The session (16-B2) will present the results of the most recent MBBC model.
is listed on the Nasdaq National Market under the symbol MBBC