One of the most important tasks for freight forecasters is forecasting transportation rates, which are localized. That means that rates in Los Angeles are different from rates in Chicago or … Read More
Forecasting trucking rates is one of the most important roles for all freight forecasters. Load volumes and truck capacity for individual markets are the primary drivers in developing freight forecasts. Each individual freight market has its own unique load demand and truck capacity cycles. These cycles are most often linked to seasonal demand patterns and the ratio of outbound to inbound freight volumes in each market.