Using Critical Freight Events Data

Scott MallFreight Market Blog

Freight Forecasting with Michael Vincent

FreightWaves SONAR offers a Critical Events Center that provides key information before, during and after a critical event. For example, in the last 10 days it proved invaluable to many as Hurricane Laura approached the Gulf Coast, devastated parts of Louisiana and Texas and then left destruction as it moved inland and became a tropical depression.

Watch the episode below:

Freight Forecasting host Michael Vincent is joined by Zach Strickland, FreightWaves’ Director of Freight Market Intelligence (and the “Sultan of SONAR”). Michael and Zach discuss the data metrics and analysis that is available in SONAR that allows subscribers to navigate through the impact of a hurricane on the freight market. SONAR’s Lane Signal, market volatility tables and 3D heat maps are just some of the SONAR tools that help users understand their core markets and lanes and how events like hurricanes can cause ripple effects into markets not directly impacted by the critical event.

Of course, there are other critical events that are tracked in the SONAR Critical Events Center, such as forest fires, tornadoes, major weather incidents (like snowstorms, excessive rainfall, floods and earthquakes). In addition to events caused by nature, there are other things that can impact the flow of freight. Whether it is a sudden increase in diesel prices, new governmental regulations, highway construction, tie-ups at a border, or some other incident, SONAR provides data and analysis that can assist subscribers deal with disruptions in one market or many

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