Forecasting trends with aggregated flatbed data

It’s building season. Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork. 

That’s getting ready to change. The industry’s most up-to-date supply chain data solution can help companies understand buying behavior and freight costs more accurately than any other source. The FTI (Flatbed Truckload Index) is an aggregated rate index based on yesterday’s booked flatbed loads on the spot market. Stack that information on top of volume or rejection data based on real tenders from shippers to their carriers, and you have insight not only into how to price today’s load, but also how to think about a project a month ahead of time.

Forecasting isn’t just for supply chain teams. Finance, sales and purchasing teams can think more clearly about the state of the industry and how to align their strategies accordingly. Moving flatbed freight isn’t always predictable, easy or consistent, but having more consistent insights can give your company a competitive advantage.

SONAR flatbed rates and the FTI are gathered in partnership with industry-leading companies that strive to create a more transparent future. As the source of truth for the supply chain world, SONAR stands as a partner to both technology companies and market players to drive real results across organizations.

Find out more about the FTI and more than 300,000 other unique deliverables by reaching out to our team

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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