ECON 101 – Freight Forecasting (video)

Freight Forecasting with Michael Vincent

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 […]

Forecasting Inland Markets (video)

Freight Forecasting with Michael Vincent

Zach Strickland, FreightWaves’ Director of Freight Market Intelligence, joins Freight Forecasting host Michael Vincent to discuss SONAR’s various maritime data points as they relate to and forecast inland freight movements. SONAR provides near-time data sets and information that allow users to better understand the freight market environment in which they compete – and then forecast […]

What is a Freight Forecaster and why are they important? (video)

Freight Forecasting with Michael Vincent

Freight Forecasting host Michael Vincent introduces viewers to the basics of freight forecasting. From a shipper to an over-the-road truck driver, Michael will explain what freight forecasting is and why you need to forecast. Watch the episode below: The main purposes of forecasting freight is to determine the specific capacity needed to move freight from […]

Freight Futures: The Future(s) of Freight

Freight Forecasting with Michael Vincent

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 […]

Trucking data is not enough in unprecedented times

Freight Forecasting with Michael Vincent

FreightWaves’ Lead Economist Anthony Smith and Freight Forecasting host Michael Vincent talk about how important macroeconomic data is when trying to forecast capacity demand. With SONAR, a user has access to truckload and market data in any of 135 key markets in the U.S. But that user also has critical information from industry verticals and historical […]

Let SONAR help you level the playing field!

 (Photo: East Bay Times) As you probably remember, “Moneyball” tells the story of Billy Beane, the general manager of the Oakland A’s. After losing the 2001 World Series and also losing key players to better-financed teams, Beane came to the realization that he had to do something different to win. Oakland was and is one […]

Maritime Imports – Leading Indicator for Freight Movement in the U.S. (Video)

Freight Forecasting with Michael Vincent

Freight Forecasting host Michael Vincent’s guests are Greg Miller, FreightWaves’ Senior Editor for Maritime, and Zach Strickland, Director or Freight Intelligence at FreightWaves. The three colleagues talk about the effects of maritime markets on the U.S. surface transportation markets.  Watch the episode below: Using SONAR’s maritime and international trade data sets, subscribers can forecast future […]

“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 […]

5 business tips for a successful Q3 2020 in the freight market

Truck

1. Prepare for freight volatility – The balance between volume and capacity is more fragile than it was at the beginning of the second quarter. Tendered load volumes hit a record in SONAR in mid-March. April was the opposite though, as load volumes collapsed due to the economic shutdowns.   Tendered load rejections, which track truck […]

Finding opportunity in the COVID-19 freight market – Freight Forecasting

Freight Forecasting with Michael Vincent

Freight Forecasting host Michael Vincent shows SONAR users how to build out market tables that will give quick insights into market conditions on a tactical level. Watch the episode below: In addition to showing you how to build a market table, you’ll learn to analyze the data through charting and comparing the different indices. Michael […]

The C-suite to the brokerage “boiler room” floor! – Freight Forecasting

Freight Forecasting with Michael Vincent

In this episode of Freight Forecasting, host Michael Vincent and FreightWaves’Lead Economist Anthony Smith explore the most important freight data points and macro data sets to navigate the freight markets – whether you work on a brokerage floor or in the C-suite! Michael and Anthony look at the five “must have” SONAR dashboards. While SONAR […]

Navigating the freight recovery – Freight Forecasting (video)

Freight Forecasting with Michael Vincent

Freight Forecasting welcomes FreightWaves’ Lead Economist, Anthony Smith, who joins host Michael Vincent to discuss the latest economic data releases. The information embedded in those releases can help the freight industry navigate the recovery from the pandemic-induced closure of much of the American economy. Industries and individual companies are up-and-running and freight volumes are increasing.  […]

Swoosh, V, or W? Are the signs of recovery sustainable? – Freight Forecasting

Freight Forecasting with Michael Vincent

FreightWaves’ Lead Economist, Anthony Smith, joins Michael Vincent to discuss how macroeconomic data can be used to forecast short- and long-term freight markets. They discuss whether the economic indicators are a reflection of recovery from the coronavirus closings will be a swoosh, V-shaped or W-shaped.  Watch the episode below: Michael and Anthony also talk about […]

Are shippers making a mistake with low contracted rates? – Freight Forecasting

Freight Forecasting with Michael Vincent

In this episode of FreightWavesTV’s Freight Forecasting, a key question is answered: Are shippers making a mistake with low contracted rates? Jason Miller, Associate Professor of Logistics at the Eli Broad School of Business at Michigan State University, discusses the current freight market and the pitfalls of pulling forward the contracted rate bid cycle with […]

Fastest growing brokerage in North America is innovating – Freight Forecasting

Freight Forecasting with Michael Vincent

This edition of Freight Forecasting features Jason Roberts, President of Avenger Logistics. He and FreightWaves’ Freight Forecasting host Michael Vincent discuss how Avenger uses SONAR to keep its employees up-to-date on key trends and data so that they can make tactical and strategic decisions. Watch the episode below: Avenger Logistics is based in Chattanooga, Tennessee. […]

How to predict trucking spot rates

18 Wheeler carrying load

One of the most important tasks for freight forecasters is forecasting transportation rates, which are localized. That means that rates in Los Angeles are different from rates in Chicago or Dallas or any market large or small. The two primary types of transportation rates are contract rates and spot rates, which exist in each market. […]

How to develop freight forecasts using SONAR

Forecasting trucking rates is one of the most important roles for all freight forecasters. Load volumes and truck capacity for individual markets are the primary drivers in developing freight forecasts. Each individual freight market has its own unique load demand and truck capacity cycles. These cycles are most often linked to seasonal demand patterns and the ratio of outbound to inbound freight volumes in each market.