Freight Futures daily curve: 9/13
Market interest shifts West with potential ease in trade tensions.
Market interest shifts West with potential ease in trade tensions.
Freight Futures data to watch today: Spot National vs Regionals The spot month National contract (FUT.VNU201909) closed down 0.35% to $1.467 per mile. Regionally, the East contract (FUT.VEU201909) continued to give back some of the Dorian risk premiums and settled the day 1% lower at $1.687, while the South contract (FUT.VSU201909) was off $0.002 to $1.224. […]
Futures prices being driven by shifting freight flows to the East
Napier Port, located in Hawke’s Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an offer price of N$2.60 (US$0.64), raising NZ$234 million (US$149.94 million).
FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.
In a speech attacking the very premises of decentralized cryptocurrency exchanges, BitMEX CEO Arthur Hayes laid out what traders really care about, and what makes futures exchanges successful.
TransRisk, the developer of the first trucking futures contract, raises a venture capital round led by Bill Ford’s mobility venture investment fund. Seven other venture investors participated in the capital raise.