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Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

Consider this example. Consider this example. . But having access to that information upfront, clearly and concisely presented as indices and insights, amounts to faster management and getting the most profits from all loads across all modes and through all lanes. Request a SONAR Demo. Now, what’s a meaningful insight?

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SONAR Indices & Insights: Monitor Intermodal Shipping Container Volumes with RAIL & Domestic Intermodal Spot Rates with INTRM

FreightWaves SONAR

For example, if there were 700 intermodal shipping containers moved between City A and City B in the past week, that lane shows a total ORAIL value of 100. For example, If one wants to look only at the volume of 53’ domestic containers and exclude all other sizes, use ORAIL53. Use airport codes to utilize granularities.

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Freight Business: Use SONAR indices to diversify your freight brokerage portfolio with port shipments

FreightWaves SONAR

You see examples of this strategy in large brokerages today. Examples of portfolio diversity in the freight business. The time period for the SONAR chart is from January 2020 to the present. This would enable you to take advantage of higher outbound rates to carriers you have already built relationships with.

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