FreightWaves provides near real‑time freight market intelligence through its SONAR platform, aggregating high‑frequency price, demand, and capacity data across trucking, rail, ocean, and air. The AI‑driven service delivers alerts, benchmarks, and forecasts that help shippers, carriers, and logistics managers monitor disruptions, optimize routing and pricing, and reduce costs across global supply chains.
Funding
$16M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
6OTPFounders
Product
Problem
Supply chain professionals lack timely, high‑frequency data on freight rates, capacity, and market disruptions, making it difficult to benchmark performance, forecast demand, and respond to volatility caused by economic, regulatory, and geopolitical events.
Solution
FreightWaves delivers near real‑time freight market intelligence through its SONAR platform, aggregating price, demand, and capacity data across trucking, rail, ocean, and air modes. The platform uses AI and machine learning to identify critical events, generate alerts, and provide actionable insights such as spot‑rate benchmarks, capacity forecasts, and volatility analyses. Users can monitor, analyze, and forecast their logistics networks via dashboards, APIs, and customizable watchlists, enabling proactive decision‑making and cost optimization. SONAR’s data is IOSCO‑compliant and sourced from a consortium of industry participants, ensuring accuracy and breadth across more than 135 markets.
Target Audience
Primary customers are shippers, carriers, 3PLs, and logistics managers who need data‑driven insights to optimize routing, pricing, and capacity planning across global supply chains.
Features
- High‑frequency, multi‑modal freight data covering 700,000+ lanes and $125 billion in shipments
- AI‑driven event detection and alerts for rate surges, bottlenecks, weather, and geopolitical disruptions
- SONAR SCI and TRAC tools for benchmark pricing, spot‑rate analysis, and contract negotiation support
- Container Atlas for ocean vessel delay tracking and price trend visualization
- API and Chrome extension for seamless integration of data into internal systems and workflows
- Customizable dashboards, watchlists, and volatility indexes (e.g., NTI, OTVI, OTRI) for real‑time monitoring
- Index‑linked contract functionality to create dynamic pricing agreements based on market data