Cost vs. Volume – Freight Forecasting (video)

Scott MallFreight Market Blog

Freight Forecasting with Michael Vincent

Zach Strickland, FreightWaves’ Director of Freight Market Intelligence (and the “Sultan of SONAR”) joins Freight Forecasting host Michael Vincent on this episode.

Zach and Michael discuss why freight demand is not enough to forecast rates. A major advantage of FreightWaves SONAR freight forecasting platform is that it has millions of data points and many, many ways to look at that data, along with expert analysis from the FreightWaves team of data scientists, analysts and Market Experts. Michael and Zach also talk about the importance of SONAR’s multiple data sets and how they help SONAR subscribers forecast, analyze, monitor and benchmark freight information ing rates. Among the information housed in SONAR are Cass data sets, information from DAT and Truckstop.com, etc. There are many proprietary data sets – only available on the SONAR platform!

Watch the episode below:

They also cover topics like charting, and why knowing/understanding seasonalities even outside your niche is important in understanding capacity supply and freight demand. Zach also provides insights into SONAR’s Outbound Tender Volume Index and the Outbound Tender Rejection Index. Both of these indices can give you real-time and near real-time data by transportation mode, region, state and market.

Know more, faster – and find just what you need with SONAR!