On this episode of #WithSONAR, co-hosts Luke Falasca and Kyle Taylor discuss rapidly changing market conditions. Since the beginning of the year, market volatility has pushed freight rates down in key markets and lanes, while pushing other lanes up.
However, markets are never static, so savvy operators will use market volatility to separate themselves from competitors. The freight market is always changing; that is why you need the freight forecasting platform with the most current data and insights. FreightWaves SONAR has near-real-time data – the fastest and freshest data available. Using old data in a volatile market can be very costly. You wouldn’t read yesterday’s newspaper to keep up on the news, would you?
Watch the episode below:
SONAR is the only freight forecasting platform that combines contract tender data with spot rate data to create predictive freight rates. Plus, SONAR uses artificial intelligence to develop consistently updated forecasts to give subscribers the most reliable predictions of where trucking spot rates, supply chain demand and logistics capacity are headed over the next 12 months.
SONAR combines historical freight market data with real-time market activity to offer logistics rate forecasts, spot rate forecasts, forecasted freight rates, and visibility into the freight marketplace.