Freight volatility is at an all-time high, and outdated analytics practices are time consuming, costly, and utlimately cost you your competitive advantage. At Chronos Performance Solutions, we’re redefining how logistics professionals leverage data, ensuring precision-driven decision-making through industry-leading benchmarking.
The Hidden Cost of Outdated Freight Data
Decision in freight hinges on data quality. Without backtesting—the process of validating data against real-world conditions—supply chain leaders risk:
Overpaying on freight rates due to inaccurate market assumptions.
Misallocating assets to the wrong lanes, leading to increased dwell times.
Losing carrier trust with contract misalignments that erode partnerships.
Experiencing poor customer outcomes, amplifying service failures.
Backtesting: What Is It and How Can It Help
Backtesting ensures data-driven predictions match reality. By analyzing past freight trends and comparing them against actual outcomes, shippers and carriers gain:
Precision-tuned pricing models that adapt to market fluctuations.
Stronger rate negotiations powered by indisputable analytics.
Optimized routing and capacity planning for peak efficiency.
Proactive risk mitigation, reducing exposure to volatile market shifts.
How Freight Market Leaders Use Benchmarking & Backtesting to Win
With advanced benchmarking tools, shippers and carriers can:
- Compare detention charges, fuel surcharges, and accessorial fees against market averages to eliminate excessive costs.
- Analyze freight lane performance with historical data to determine true cost efficiency.
- Leverage real-time insights to predict future pricing trends and act before the competition.
Chronos: Your Ultimate Freight Analytics Partner
Data without validation is just noise. At Chronos Performance Solutions, we deliver benchmarking reports that support your business goals. Whether you’re optimizing accessorial charges, lane pricing, or network efficiency, our analytics give you the certainty you need to outperform.
The future of freight belongs to the data-driven.
