Mar 31, 2009 8:56 AM

Transite Technology, a provider of transportation management systems, technologies, and services, has launched a groundbreaking new service: My Freight Rates. This service aggregates the best rates from numerous third-party logistics companies (3PLs) and enables brokers and shippers to easily access these rates for real-time shipments.

"This delivers the absolute lowest rates to brokers and shippers while driving revenue for our 3PL partners," said Geoff Comrie, chief executive officer of Transite. "While this is clearly a service to the industry, it’s fundamentally driven and made possible by Transite’s core technology."

The service aggregates rates from all participating 3PLs. When a broker or shipper needs a price, they access MFR and are delivered the lowest per shipment charges culled from the 3PLs. Transite developed new "AggreRater" technology to mine all the 3PL data in real-time and then surface the least-cost prices to the broker or shipper.

MFR formally launches at the Transportation Intermediaries Association (TIA) Annual Convention & Trade Show, set for April 1-4, 2009, in San Antonio TX. 3PLs and other interested parties should e-mail sales@transite.com.