TRAC Forecast

WHAT IS IT?

A KMA (Key Market Area) to KMA lane level forecast of dry van spot rate trends, based on spot rates from FreightWaves Trusted Rate Assessment Consortium. There are two forecasts available: a daily forecast for 1 to 30 days into the future, and a weekly forecast for 1 to 52 weeks into the future. The daily forecast is completely overwritten each day and all values are freshly calculated using the latest data from TRAC. The weekly forecast is recalculated each week on Sundays. 

Both forecasts feature median, high (25th percentile), and low (75th percentile) rate-per-mile values based on the current median TRAC KMA to KMA dry van spot rate, as well as an forecast index value median, high, and low that represents the forecasted percent change of the rates relative to the current market value. 

Both forecasts are available via API.

WHO IS INTERESTED?

Transportation procurement teams, transportation managers, brokers, transportation service providers, financial services

WHAT DOES IT TELL ME?

These give an estimation of spot rate trend and value over various time periods based on historical spot rate data. It assists with identifying seasonal trends and patterns based on the current truckload environment.

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Related Topics

Key Market Areas (KMAs)

Carrier Details Carrier Authorities – (CDTTA)

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