DAT Freight & Analytics, operator of DAT One network for spot truckload freight and the DAT iQ analytics service, and ACT Research, an industry analysis and forecasting services for commercial vehicle and transportation markets provider, entered into an agreement that will enhance the service offerings of both organizations.

“By far, DAT maintains the largest database of truckload transactions than any other marketplace in the industry,” Tim Denoyer, VP and senior analyst at ACT Research, said.

With more than 500-million loads posted each year, DAT iQ provides incredible detail about spot and contract rates through a database of $137 billion in annual market transactions.

“Joining forces to couple the power of DAT’s highly regarded RateView data, with ACT’s strategic forecasting services, will enhance our offerings to the industry,” Kenny Vieth, president of ACT Research said.

ACT’s Q2’22 forecasts for DAT spot rates, net fuel, from a year out, were 98.7% accurate in the ACT Freight Forecast. The standard deviation of this data set on a quarterly basis is 19%.

“ACT Research provides a critical service to the industry,” Ken Adamo, chief of analytics at DAT said. We’re excited about how our collaboration will enhance their spot and contract rate forecasting to benefit shippers, carriers, brokers, and all stakeholders alike.”

“We add value by applying our expertise in freight volume and capacity dynamics to predict where rates are headed in the future. The depth and breadth of DAT’s data will help us to further refine our forecasting accuracy,” Denoyer said.