Freight Futures: The Future(s) of Freight
Guests Kyle Lintner, Principal and Managing Partner at K Ratio and Daniel Stanton “Mr. Supply Chain®” join Freight Forecasting host Michael Vincent in a discussion of mid- and long-term freight forecasting and how Trucking Freight Futures can greatly benefit the trucking industry. Freight Forecasting talks Freight Futures in “The Future(s) Of Freight” Episode Watch the […]
Forecasting for freight capacity, so you can plan for today’s volume
The state of freight capacity depends on hundreds of factors. Increased consumer demands, changing government regulations, fears over public health crises, asset and driver availability, manufacturing output, and many other factors influence capacity. While there is no sure-fire way to see what capacity will be like in the future, the next-best action is to apply […]
Why is freight data a powerful weapon in the era of COVID-19?
The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. As core sections of economies around the globe shut down, manufacturers and vendors found themselves in a precarious position. A lack of raw materials and products from suppliers created supply chain disruptions. […]
How big is the logistics industry? Infographic
Logistics encompasses essentially everything from a resource’s origin to a finished good’s destination. Logistics is a broad term. It includes the physical accumulation, transportation and final distribution of resources. Logistics transactions can be simple two-party deals wherein a manufacturer produces a good and ships it directly to a final destination for consumption. Logistics transactions can […]
Trucking data is not enough in unprecedented times
FreightWaves’ Lead Economist Anthony Smith and Freight Forecasting host Michael Vincent talk about how important macroeconomic data is when trying to forecast capacity demand. With SONAR, a user has access to truckload and market data in any of 135 key markets in the U.S. But that user also has critical information from industry verticals and historical […]
Let SONAR help you level the playing field!
(Photo: East Bay Times) As you probably remember, “Moneyball” tells the story of Billy Beane, the general manager of the Oakland A’s. After losing the 2001 World Series and also losing key players to better-financed teams, Beane came to the realization that he had to do something different to win. Oakland was and is one […]
Ways to Start Your Own Trucking Company
With trucks delivering 70% of all cargo in the U.S., and e-commerce on the rise, there’s significant profit potential in the logistics industry. Sole proprietorship A single person owns and operates the entire company, as well as accepts all its legal responsibilities. A sole proprietorship is considered the easiest way to structure a company. Partnership […]
Maritime Imports – Leading Indicator for Freight Movement in the U.S. (Video)
Freight Forecasting host Michael Vincent’s guests are Greg Miller, FreightWaves’ Senior Editor for Maritime, and Zach Strickland, Director or Freight Intelligence at FreightWaves. The three colleagues talk about the effects of maritime markets on the U.S. surface transportation markets. Watch the episode below: Using SONAR’s maritime and international trade data sets, subscribers can forecast future […]
“V” or “Reverse Square Root?” (video)
Zach Strickland, FreightWaves’ Director of Freight Market Intelligence, joins Freight Forecasting host Michael Vincent in a discussion regarding economic and freight market data trends. They explore how best to bring transparency into the freight market for the remainder of the summer and for the third quarter of 2020, and what type of economic recovery we […]
How much weight can a big rig carry? Infographic
Big rigs are 18-wheelers limited by federal regulation to a maximum loaded weight of 80,000 pounds (including the weight of the rig itself) broken into three main categories: Flatbed trailers can load up to 48,000 pounds of cargo. Dry vans trailers can load 44,000 to 45,000 pounds. Refrigerated trailers, or reefers, can load 42,500 to […]
Fragmenting freight markets and the domino effect (Video)
Kyle Lintner, Principal and Managing Partner at K Ratio and Zach Strickland, FreightWaves’ Director of Freight Market Intelligence, join host Michael Vincent on this episode of Freight Forecasting. As a full-service risk management firm, K-Ratio provides solutions for shipper customers, carriers and 3PLs by implementing aligned strategies to reduce the price volatility associated with the […]
5 business tips for a successful Q3 2020 in the freight market
1. Prepare for freight volatility – The balance between volume and capacity is more fragile than it was at the beginning of the second quarter. Tendered load volumes hit a record in SONAR in mid-March. April was the opposite though, as load volumes collapsed due to the economic shutdowns. Tendered load rejections, which track truck […]
Finding opportunity in the COVID-19 freight market – Freight Forecasting
Freight Forecasting host Michael Vincent shows SONAR users how to build out market tables that will give quick insights into market conditions on a tactical level. Watch the episode below: In addition to showing you how to build a market table, you’ll learn to analyze the data through charting and comparing the different indices. Michael […]
5 Freight Benchmarking Best Practices
Freight benchmarking is one of the most important tasks any company can undertake. If you do not know how you compare to your peers, then you are driving in the dark in many ways. Belonging to a benchmarking group eliminates a company’s desire to keep the status quo. The external data and metrics from a […]
The C-suite to the brokerage “boiler room” floor! – Freight Forecasting
In this episode of Freight Forecasting, host Michael Vincent and FreightWaves’Lead Economist Anthony Smith explore the most important freight data points and macro data sets to navigate the freight markets – whether you work on a brokerage floor or in the C-suite! Michael and Anthony look at the five “must have” SONAR dashboards. While SONAR […]
What is factoring? Infographic
Factoring improves a supplier’s cash flow. This is how … Traditional supplier/buyer interaction A supplier makes a shipment or delivery and sends an invoice to the buyer. The buyer has the option to pay for the goods by the due date on the invoice or, in many cases, to pay the invoice earlier at a […]
Navigating the freight recovery – Freight Forecasting (video)
Freight Forecasting welcomes FreightWaves’ Lead Economist, Anthony Smith, who joins host Michael Vincent to discuss the latest economic data releases. The information embedded in those releases can help the freight industry navigate the recovery from the pandemic-induced closure of much of the American economy. Industries and individual companies are up-and-running and freight volumes are increasing. […]
Swoosh, V, or W? Are the signs of recovery sustainable? – Freight Forecasting
FreightWaves’ Lead Economist, Anthony Smith, joins Michael Vincent to discuss how macroeconomic data can be used to forecast short- and long-term freight markets. They discuss whether the economic indicators are a reflection of recovery from the coronavirus closings will be a swoosh, V-shaped or W-shaped. Watch the episode below: Michael and Anthony also talk about […]
Why is full truckload priced per mile?
The standard practice for pricing full truckload freight is the rate per mile. This allows freight forecasters to create logistics rate forecasts based on fixed costs rather than variable or one-time charges. The most common variable charges are the fuel surcharge (which changes weekly) and accessorial charges. By separating these costs a freight forecast can […]
Are shippers making a mistake with low contracted rates? – Freight Forecasting
In this episode of FreightWavesTV’s Freight Forecasting, a key question is answered: Are shippers making a mistake with low contracted rates? Jason Miller, Associate Professor of Logistics at the Eli Broad School of Business at Michigan State University, discusses the current freight market and the pitfalls of pulling forward the contracted rate bid cycle with […]
