Freight Forecasting host Michael Vincent is joined by Matt Pyatt, CEO of Arrive Logistics. Michael and Matt have a discussion about data-driven decision-making. They focus on carrier relations and management from a third-party logistics provider (3PL) perspective. Watch the episode below: They also discuss how various SONAR indices can generate a positive impact on broker/carrier […]
It’s easy to get trapped into a mindset of looking at the same datasets when working through analysis. They’re tried and true, they’re an industry standard, and typically easy to tie back to specific metrics. Alternative data is a bit off the beaten path; sometimes it takes a bit of creativity to connect the dots […]
Anthony Smith, FreightWaves’ Lead Economist, joins Freight Forecasting host Michael Vincent to explain and illustrate the importance of economic factors and how they can have a great deal of influence on the freight markets and the various modes of freight movement. Anthony and Michael discuss Industrial Production and ISM Diffusion Indices. They also talk about […]
Tender rejections occur when a contracted carrier rejects an electronic load request from a shipper customer. FreightWaves SONAR measures the former via the outbound tender reject index (OTRI). Carriers really only have two reasons for rejecting a contracted load. One, they do not have available capacity to service the request. Or, two, there are more […]
Freight forecasters need to understand what drives the freight economy in order to forecast volumes, capacity and rates. Much like the general economy, the variables that drive the freight economy are too numerous to count. However, we can narrow down the principal factors to a select few that really move the needle. Many of these […]
Freight economy rebound may be underway. Carrier bankruptcies and unseated trucks will drive next spot rate surge.
Freight volumes are slowly come back to trucking market, but it will take a while before volumes in the contract freight market are significant enough to drive higher spot rates. There is a potential capacity shortage by the end of the year, caused by unseated trucks and trucking bankruptcies.