FreightWaves adds Drewry air freight rates and expands lead time data (with video)

The SONAR ticker name is DAIR, and city-pair granularities are available using the airport codes for origin and destination.  Example:

DAIR.ORGDST — ORG = origin airport city code;  DST = destination airport city code

DAIR.JFKFRA – New York JFK to Frankfurt

DAIR.LAXSIN – Los Angeles to Singapore

Adding Drewry data significantly enhances FreightWaves’ air cargo rate coverage, as FreightWaves will continue to maintain its TAC data for air cargo that cover seven major air shipping markets (SONAR Tickers: AIRUSD, AIREUR, AIRLOC).

Lead Time

Tender lead time (TLT) is the time in days between tender submission and requested pickup date. When this value increases or decreases, it is an indication of a change in shipper expectations and may signal anticipated capacity changes. This index has now been greatly expanded to be more in line with other tender volume indices.  

The TLT index will now include both inbound (ITLT) and outbound (OTLT) organizations along with all the length of haul and equipment type granularities where volumes permit statistical relevance. Now SONAR users will be able to see shipper behavior when submitting requests for dry van (VOTLT) and temperature controlled (ROTLT) loads along with variations in length of haul lead time submissions. These indices will be offered at the national, state, and market level. 

SONAR is the world’s fastest and most comprehensive freight market data and analytics platform. These are just a few of the hundreds of unique data sets available to SONAR subscribers. Not a SONAR user yet? Sign up for a free test drive here.