The aggregate tender rate is a key metric used by shippers and logistics professionals. It refers to the average cost of shipping goods across multiple modes of transportation, based on rates tendered to carriers. This metric helps businesses evaluate freight spend, identify cost-effective shipping strategies, and support more informed rate negotiations with carriers.
To calculate the aggregate tender rate, businesses analyse historical freight invoices and contracted rates across carriers and transport modes. Reviewing average costs over defined time periods helps identify spending patterns and potential inefficiencies.