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 […]
Infographic: Freight Commodity Statistics
Bureau of Transportation Statistics data shows other fossil fuel products, including coal and petroleum products, were the top commodity by weight at 3.2 billion tons. More than 75% of this commodity is being moved by pipeline. Electronics were the top commodity by value at $2 trillion. Truck was the preferred method of shipment for electronics, […]
How big is the logistics industry? Infographic
Logistics encompasses essentially everything from a resource’s origin to a finished good’s destination. Logistics is a broad term. It includes the physical accumulation, transportation and final distribution of resources. Logistics transactions can be simple two-party deals wherein a manufacturer produces a good and ships it directly to a final destination for consumption. Logistics transactions can […]
Ways to Start Your Own Trucking Company
With trucks delivering 70% of all cargo in the U.S., and e-commerce on the rise, there’s significant profit potential in the logistics industry. Sole proprietorship A single person owns and operates the entire company, as well as accepts all its legal responsibilities. A sole proprietorship is considered the easiest way to structure a company. Partnership […]
What is factoring? Infographic
Factoring improves a supplier’s cash flow. This is how … Traditional supplier/buyer interaction A supplier makes a shipment or delivery and sends an invoice to the buyer. The buyer has the option to pay for the goods by the due date on the invoice or, in many cases, to pay the invoice earlier at a […]
How much do freight brokers get paid? Infographic
Freight Brokerage Location According to a survey of 219 freight brokers, the most popular locations to start or open a new freight brokerage are: Chicago, Illinois; Dallas, Texas; Atlanta, Georgia; Nashville, Tennessee; and Austin, Texas. The three most expensive cities to locate a freight brokerage are: New York, Seattle and Dallas. The three least expensive […]
Breakdown of trucking rate variations infographic
There are many different ways that full truckload rates are priced. Freight forecasters need to understand the similarities and differences for each to accurately predict transportation rates across dry van, refrigerated, flatbed, and bulk loads. Rates for full truckload Rate per mile is typically presented without a fuel surcharge included. So, a $2.00 per mile […]
