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Screenshot Needed: Market Rates lookup showing High, Medium, and Low confidence scores with margin of error percentages.
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When you look up a rate in Cargado, you're not just getting a number — you're getting a rate backed by real carrier bids, with a confidence score that tells you how much you can trust it.
This matters because cross-border pricing is notoriously opaque. Unlike domestic freight where DAT and other tools have decades of data, Mexico and Canada pricing has historically been guesswork — calling carriers, checking old spreadsheets, or just hoping your gut is right. Confidence scores change that by telling you exactly how reliable each rate is, so you can quote customers with conviction.
Every rate in Cargado comes with a confidence level: Strong, Medium, or Lower. It comes only from the margin of error around the median: the score is 100 × (1 − margin of error ÷ 30%). More bids, and bids closer together, give a smaller margin and a higher score. (Checked against the pricing code 10/29/2026; public article: How are Market Rates calculated?)
A strong-confidence rate has a tight margin of error:
When a lane shows high confidence, it means multiple carriers are actively bidding on similar freight, and the rate reflects real market pricing. One of our enterprise customers integrated our API into their TMS and found that their brokers pay within ±10% of Cargado's high-confidence rates about 60% of the time — comparable to their domestic accuracy with other providers.
Medium confidence means we have solid data, but with a bit more variability:
Most cross-border lanes fall into this category. The rates are trustworthy for quoting and benchmarking, but you might see more variance depending on timing and carrier availability.