FreightWaves

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FreightWaves
Headquarters Chattanooga, TN
Key People Craig Fuller, Chief Executive Officer & Managing Director
Employees 80
Products Trucking industry information and markets
Website https://www.freightwaves.com/

FreightWaves is a fintech and media company that plans to offer freight futures based on US trucking spot rates for US trucking.

The firm plans to list a series of financially-settled freight futures contracts on the Nodal Exchange on March 29, 2019. It also has partnered with DAT, which created a North American trucking market spot lane pricing methodology for settlement of the futures contracts.[1][2]

FreightWaves was named the FIA Innovator of the Year at FIA Expo on October 18, 2018. The judges chose FreightWaves as the winner based on its potential to create a new class of futures products and market data based on the rates charged by trucking companies to move goods across the U.S. [3]

History

FreightWaves began with its core product, the SONAR data analytics platform that crunches data from the freight market to provide insights on how the market is doing and project future trends. In 2017, the company expanded into a content platform of the same name which quickly became the most popular freight and trucking-focused publication globally. [4]

Products and Services

The company developed a SaaS market dashboard inspired by the Bloomberg terminal to give market participants near-time insights into the freight markets, using charts, heat and geo maps, and commentary by a panel of market experts.[5]

In November 2018 FreightWaves partnered with Barchart to create a new Freight Market Center on Barchart.com to provide Barchart users with the latest data, content and news for global freight markets. FreightWaves will integrate Barchart's cmdtyStats database for economic data and commodity statistics into its SONAR data platform.[6]

Key People

References

  1. A futures market is finally opening for the $726 billion trucking industry. FreightWaves.
  2. Trucking Freight Futures. FreightWaves.
  3. Freightwaves Named FIA Innovator of the Year. Mondovisione.
  4. Trucking Tech Startup FreightWaves Closes $13M Series A From Logistics Tech VCs, Rise of the Rest, New York Jet. Hypepotamus.com.
  5. Our Story. FreightWaves.
  6. Barchart Partners with FreightWaves to Deliver Freight News and Data on Barchart.com. Barchart.