“V” or “Reverse Square Root?” (video)

Freight Forecasting with Michael Vincent

Zach Strickland, FreightWaves’ Director of Freight Market Intelligence, joins Freight Forecasting host Michael Vincent in a discussion regarding economic and freight market data trends. They explore how best to bring transparency into the freight market for the remainder of the summer and for the third quarter of 2020, and what type of economic recovery we are moving into. SONAR provides data, freight insights and analysis to the freight market even in these uncertain times.  

Watch the episode below:

Michael and Zach also provide a full explanation of the SONAR outbound tender volume index (OTVI). The OTVI is SONAR’s proprietary index of daily accepted full truckload tender volumes from across the nation and in 135 markets across the country.

In addition, Michael and Zach explain one of the Truckload Carriers Association (TCA) benchmarking statistics – revenue per driver per week – a key metric in the trucking industry. This metric and many other benchmarking tools can be found in SONAR. 

Do the numbers support an economic recovery and a strong freight market? Michael and Zach touch on a number of data sets that can be found in SONAR. They also talk about macroeconomic data, Tree Maps, monthly and year-over-year data and maritime data. 

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

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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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