The standard practice for pricing full truckload freight is the rate per mile. This allows freight forecasters to create logistics rate forecasts based on fixed costs rather than variable or … Read More
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, … Read More
Freight volumes SONAR’s outbound tender volume index (OTVI) measures electronically tendered truckload volumes across the U.S. Overall OTVI is indexed to 10,000 (March 1, 2018) and is the aggregated volume … Read 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 … Read More
While origin matters for transportation rate forecasting, the destination is often times more important. The transportation rates for a backhaul destination are naturally higher than transportation rates for a headhaul market. This holds for all freight moved by truck, rail/intermodal, ocean or air.
Transportation rate analysis is a core part of any seasoned freight forecaster’s role. While the trucking contract market represents 85% of the freight volume in the for-hire truckload industry and … Read More