FreightWaves named FIA Innovator of the Year

FreightWaves named FIA Innovator of the Year

45 companies applied for a spot in the annual Innovators Pavilion at the FIA Futures & Options Expo, 15 finalists were chosen, 5 were selected by a panel of judges to present at the at FIA Innovator of the Year pitch competition, but only 1 came out on top.

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K & L Freight doubles down on data analytics and financial services

K & L Freight doubles down on data analytics and financial services

K & L Freight has invested heavily in technology and data and grown 5x in the past two years. The next step is offering financial services to help their shipper customers hedge against spot market volatility.

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A long overdue futures market could decrease rate volatility in trucking

A long overdue futures market could decrease rate volatility in trucking

One of the largest financial exchanges in the world has partnered with DAT and Chattanooga-based TransRisk to launch a futures contract based on trucking spot rates. The venture brings together the benchmark pricing index with one of the largest financial exchanges in the world. 

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TransRisk, DAT, and Nodal Exchange announce trucking freight futures contracts

TransRisk, DAT, and Nodal Exchange announce trucking freight futures contracts

Founded with the purpose of addressing volatility for brokers, carriers and shippers in major shipping lanes through risk-management solutions, TransRisk is one step closer to doing just that. The company, along with DAT Solutions and Nodal Exchange jointly announced an agreement to develop, market and list the first and only trucking freight futures and options on futures contracts.

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How to gain a pricing advantage with futures markets

How to gain a pricing advantage with futures markets

A futures market will react to the underlying fundamentals of its physical market because in the end, the futures price is linked to the physical market. But, the opposite is also true. A physical market can look to a futures market for transparency and guidance on rate structure. A developing trucking freight futures market might be the answer to solving these industry issues. 

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Truck lane futures contracts: A new way to boost the bottom line

Truck lane futures contracts: A new way to boost the bottom line

Since the dawn of the shipping industry, brokers, carriers and shippers have struggled with rate price swings, sometimes due to conditions outside their control, such as weather or politics. TransFX, a Chattanooga-based company located in Freight Alley, is trying to help change that by offering "freight futures contracts."

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TransFX taps DAT data for Trucking Futures Exchange

Those on both sides of the freight business have struggled for years with volatile shipping rates. Contracts get locked in for months or more with no assurance that the contract will reflect current prices when loads are delivered. TransVix believes part of the solution to this problem is the creation of a Trucking Futures Exchange. 

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