FreightWaves Forecasts of Benchmark Spot-Rates: Infographic
Boasts Errors of Less than 10% Over Holiday Season The FreightWaves data science team used historical market and expense data to forecast future market conditions. The thesis is that FreightWaves Benchmark Spot Rates can be calculated for future dates. When finalized, this tool will assist clients in understanding the effects that coming changes in markets […]
Why spot market data provides an incomplete view of the freight market
Spot market data is often referenced as a key indicator of activity in the trucking market. But the spot market data provides an incomplete and lagging view of market activity.
Why relying only on historical freight market data provides an incomplete view of forecasted freight demand and market dynamics
There are nuances in the economy that weren’t variables a decade or even a year ago. The landscape is ever-changing despite a few core fundamentals that hold everything together. This holds true for various industries, including freight. Although historical freight market trends give a general direction of what to expect and typical seasonality, it doesn’t […]
