First, since this touches on an sensitive element of price privacy, allow me to remind the following precautions in place as agent safeguards:
- Agents can restrict any clients from accessing their rates/identity, including on the analysis tool.
- Clients are restricted by default from other agents' pricing in the same country.
- Only clients can access the analysis tool.
- All clients have signed a strict non-disclosure agreement prohibiting them from sharing any agent pricing with any other agent.
The following explanation is paired with the below screenshot. The Client user is able to select any Market location within PricePoint (e.g. Singapore, London, Chicago, et al.). Upon doing so, PricePoint's algorithm performs thousands of calculations within a few seconds and produces a chart (upper section) of all available agents' tariff price rankings, per shipment type. The ranks (1 is lowest cost) are a composite based on a broad array of shipment sizes per type.
In the lower section, the user is able to specify any of the available agents for a detailed breakdown of price differentials compared to 1) Market Leader, and 2) Market Average. Example: the selected agent's Destination FCL Loose pricing is 1.78% higher than the market leader, and 15.96% below the market average.
All data displayed on the analysis tool is specific to the client user, including exclusive discounts from agents.