About FreightWaves SONAR
FreightWaves and SONAR have changed the way the world understands the freight market.
Freight markets constantly change due to internal and external factors–digitization, regulations, economic forces, weather, volatility in the cost of fuel, insurance, pay and benefits– and in 2020, a pandemic no one was prepared for. More than ever, market participants need near-time analytics and data about the market and all of its facets.
More than ever, market participants need near-time analytics and data about the market and all of its facets.
SONAR is the industry's most comprehensive freight data forecasting platform, providing unparalleled insights and forecasts.
The industry's first and fastest freight forecasting platform, SONAR is the only platform that combines contract tender data with spot rate data to create predictive freight rates. It creates the most current freight activity and logistics rate indices in the market. Plus, to help subscribers focus attention on the most important decisions, SONAR breaks down freight data based on geography, mode or freight market share.
SONAR tracks daily activities in domestic and global markets, with freight data generated from thousands of exclusive sources and transactions valued at more than $200 billion. It offers historical, current and future freight rate, volume and capacity index data – across all modes.
SONAR provides data outside your four walls, providing billions of data points crunched by data scientists to provide actionable insights
For SONAR, FreightWaves partners with some of the largest and most important data providers in freight, aggregating hundreds of sources and billions of individual data points. The company’s data scientists, analysts and researchers use this information to understand and model near-time changes and impacts to the freight market, preparing market indices, geo heat-maps and barometers that “map the freight market,” helping participants to understand how the market will impact them. These market maps, indices, commentary and analytics are available for freight market participants, financial analysts and speculators on the FreightWaves SONAR platform.
Artificial intelligence is used to develop constantly updated forecasts to give SONAR subscribers the most reliable predictions of where trucking spot rates, supply chain demand and logistics capacity are headed over the next 12 months.
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SONAR is changing the way the world understands the freight market.
Rather than relying on one data source, SONAR is the only freight market analytics platform that combines historical freight market data with real-time market activity to offer logistics rate forecasts, spot rate forecasts, forecasted freight rates, and visibility into the freight marketplace – at local, state, national and global levels.
Providing the fastest freight market data in the world, across all major modes of traffic, the SONAR platform is the only freight forecasting and analytics platform that offers real-time freight market intelligence driven off actual freight contract tenders.
SONAR has proprietary data that comes from actual load tenders, electronic logging devices and transportation management systems, along with dozens of third-party global freight and logistics-related index providers like TCA Benchmarking, Freightos, ACT, Drewry and DTN.
SONAR makes complex transportation rate analysis more accurate, complete, simple and accessible. So whether you’re working from the office or from home, SONAR can provide you the data and intelligence you need to stay ahead of your competitors.