TRUCKING FUTURES EXCHANGE * USA: To avoid spot prices volatility
* Tennessee - TransVix, DAT partner to develop Trucking Futures Exchange
--- TransVix and DAT Solutions announced the formation of their exclusive strategic alliance to create the “first and only” Trucking Futures Exchange which will list and trade contracts based on trucking line haul rates. The TransVix Exchange will list contracts that are financially settled using DAT’s data for major freight lanes in the U.S... TransVix is focused on addressing volatility in line haul freight rates, where spot prices can swing as high as 40% in a single week on some major lanes. Volatility of truck capacity can be driven by a host of market conditions such as weather, seasonality, regulations and macroeconomics. Brokers, carriers, and shippers all face the same challenges when it comes to volatile spot rates and are exposed to market conditions without viable hedging options to manage price risk...
Chattanooga, TN, USA- Fleet Owner - Feb 17 2017