Understanding Tender Benchmark Report (Air)

This guide will help you navigate the contents of the Tender Benchmark report.

Note that each line in the report is returned exactly as it was in the template and includes a Line Number in a separate column to help you identify them more easily.

Report Contents

The content of the report found on the Benchmark tab can be divided into two larger groups:

• Input data and default values — entry data from your template or bid sheet and default values provided by Xeneta
• Benchmark data — actual report data with a comparison of your supplier rates on specific airport pairs to different market segments

The Glossary tab in the report file contains a quick guide on key terminology used in the report.

Input Data and Default Values

• Service Level — indicates the service level of the market rates used for benchmarking in the report
• Market Rate Valid On — date that the market rates used for the benchmark are valid on

Benchmark Data

The benchmark data in the report is divided into three large sections providing a comparison to market rates across different types of long-term contracts depending on how recently they were signed — long (all contracts), long (contracted within 1 month), and long (contracted within 3 months).

Each of these sections is further broken down into five subsections corresponding to the weight categories — <45 kg, 45+ kg, 200+ kg, 500+ kg, and 1000+ kg.

Each individual subsection is comprised of the following columns:

• Bid Rate — rate compared to different market segments in the report within the given weight category
• Weight bracket — indicates the weight category of the market rates used for benchmarking in the report
• Used Origin & Used Destination — actual origin and destination used for the report if the requested origin-destination pair has limited rate data coverage
• Geo-Hierarchy Level — level of Xeneta's geo-hierarchy used in calculating the benchmark that indicates if the requested origin or destination were "bumped up" to a larger geographic region due to limited data coverage

Exact match indicates that geo-hierarchy was not used, and that the benchmark rate matches your requested airport pair.

• Rate Quality — number of contracted air freight rates for the requested origin-destination pair that Xeneta has in aggregation
• My Price — rates you uploaded to the Xeneta platform that the report will use to produce the benchmark if you leave the Bid Rate field in your template is blank
• You vs. Market — key values in the report that show the difference (in USD) between your Bid Rate and the three market segments — market low, market average, and market high