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 episode below:
On March 22, 2019 Nodal Exchange, FreightWaves and DAT Solutions jointly announced the introduction of the world’s first Trucking Freight Futures contracts. Because outside factors like the pandemic, severe weather, government regulation and other factors affect the cost of transportation, Trucking Freight Futures allow market participants to hedge their exposure to rate volatility.
FreightWaves and Nodal Exchange are collaborating to list the contracts, which are financially settled against DAT’s industry-leading spot rate indices. Trucking Freight Futures are traded on three of the largest U.S. freight corridors. There are a total of 11 monthly cash-settled contracts (a national average, three corridors and seven lanes).
Kyle Lintner is the cofounder, Principal, and Director of Markets at K-Ratio. He has also been a member of the Chicago Board of Trade since 2006. With over 17 years experience as a trader, he is now pioneering solutions for the newly formed freight futures market.
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K-Ratio is helping provide solutions to shippers, carriers and third-party logistics providers in a market that has never been seen before. The firm do so by offering market guidance, price consultations and data management on customers’ behalf. Only eight months after their launch, K-Ratio was named one of the top 100 tech companies in the freight industry by FreightWaves, the largest trucking trade publisher in the world.
“We can transform supply chains, one project at a time!” is the rallying cry of Daniel Stanton, PMP, CSCP, SCPro, MCSE, MCP, MBA, M Eng. Stanton is a global executive with expertise in supply chain management and project leadership. He has worked with Caterpillar, the U.S. Navy, APICS (now ASCM), MHI and several smaller firms. He’s also been a professor at Bradley University, Jack Welch Management Institute and National American University. Stanton is recognized as a LinkedIn Learning Insider, a “Pro to Know” for Supply & Demand Chain Executive Magazine, and a Supply Chain Futurist for IBM Sterling Supply Chain.
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