New Index-Linked Contract solution helps shippers reduce risk, improve carrier performance, and align freight costs with real-time market conditions.
Gainesville, GA — Overdrive Logistics announced the launch of a new Index-Linked Contract (ILC) program designed to help shippers align truckload contract rates with real-time market conditions. The offering is powered by market data from SONAR (FreightWaves platform), the freight analytics platform developed by FreightWaves.
The program introduces a dynamic pricing structure that links contract freight rates to SONAR’s TRAC market benchmarks, allowing rates to adjust with truckload supply and demand. The model is intended to reduce the inefficiencies of traditional annual freight bids, which often leave shippers paying above-market rates during freight downturns and experiencing routing guide failures when capacity tightens.
“Freight markets have become too volatile for static pricing models,” said a spokesperson for Overdrive Logistics. “By integrating SONAR’s real-time market intelligence into contract pricing, we can help shippers create a procurement strategy that adapts with the market rather than reacting to it months later.”
Index-linked contracts treat truckload capacity more like a commodity market, enabling freight rates to move with daily transactional data rather than remaining fixed for an entire bid cycle. The structure is designed to create a more balanced pricing environment that improves service reliability while reducing financial risk for shippers.
According to Overdrive Logistics, the new program offers several operational advantages for transportation teams, including:
The launch reflects a broader industry shift toward data-driven freight procurement strategies as supply chains seek greater resilience in volatile transportation markets.
The Index-Linked Contract program is now available to qualified shipper partners across the United States.
About Overdrive Logistics
Overdrive Logistics, Inc. is a third-party logistics provider specializing in truckload transportation across the continental United States. Founded in 1998, the company focuses on building long-term shipper and carrier partnerships while helping customers navigate changing freight markets.
About SONAR
SONAR (FreightWaves platform) is a freight market intelligence platform from FreightWaves that provides real-time data and analytics on truckload capacity, rates, and supply chain conditions.
Media Contact
Overdrive Logistics
Tony Broyles
tony.broyles@overdrivelogistics.com
678-928-6069