NEW TMW FREIGHT ANALYST SOFTWARE DELIVERS EXPERT-LEVEL BUSINESS INTELLIGENCE
FOR CONTINUOUS PROFITABILITY IMPROVEMENT
Truckload Carriers to Benefit from Informative Decision Support Tool
NASHVILLE, TN - TMW Systems, the largest developer and integrator of transportation management software for the trucking industry, today announced the launch of the TMW Freight Analyst application for strategic decision support in truckload businesses. The browser-based software is now available for use with most major commercial trucking software-either Windows or AS/400-IBM i-and with operations systems that have been customized or are maintained in-house.
The rollout of the affordably-priced, cross-platform product comes after a successful release of TMW Freight Analyst earlier in the year that was limited to TruckMate Command Center customers.
TMW Freight Analyst integrates activity-based costing, revenue data, the impact of timing in areas like service performance and driver HOS. Additional capabilities include freight flow analysis to identify ongoing business improvement opportunities in daily operations and in a carrier's sales activities. Using the Market Rate Index (MRI) to compare a carrier's lane and load pricing with current industry averages, the product also offers lane and bid pricing guidance to increase overall profitability. TMW's Market Rate Index is the most comprehensive North American rating database compiled for the truckload industry, fed by actual freight transactions from a large population of carriers and updated each month.
"TMW Freight Analyst combines powerful optimization technology and real business insight to trucking in order to maximize business margins with existing resources," said TMW Vice President and General Manager Michael August. "This software can deliver consultant-quality freight analysis for you daily at a fraction of the salary of trucking industry expert. In fact, it's a very cost-effective way to add industry-leading strategic decision support for carriers with as few as 100 trucks."
TMW Freight Analyst is a dashboard-style snapshot of business intelligence that focuses on historical load and transaction analysis for management decisions, rather than daily KPI tracking. It incorporates a set of key features from the well-known IDSC Netwise software system but does not include the extensive configuration options, scenario and what-if analysis capabilities of that application.
"By identifying top and bottom lanes and shippers along with ‘low-hanging fruit'-- meaning quick hits for pricing or volume improvement-- any company using the software gains a leg up on the competition," August added.
About TMW Systems
TMW Systems, Inc., is committed to delivering customer-driven solutions that help companies in the transportation services sector seize market opportunities while improving profitability and gaining a better return on information. TMW customers include 3PLs and shippers, private and for-hire trucking, brokerage, construction, ready-mix concrete, municipal fleet, heavy-duty repair and waste management operations. With offices in Cleveland, Ohio; Durham, North Carolina.; Indianapolis, Indiana; Dallas, Texas; and Vancouver, British Columbia; TMW currently serves more than 1,600 customers managing over 325,000 power units and maintaining more than 1.1 million assets worldwide, including North America, Europe, China and Latin America. For more information, visit www.tmwsystems.com or call (800) 401-6682.
