FMIC is getting predictive, and we’re excited to give our Freightvine listeners a sneak peek at the future of transportation benchmarking at Chainalytics.

In this episode, Dr. Chris Caplice (Chief Scientist at Chainalytics & Executive Director of the MIT Center for Transportation and Logistics) recaps the origin of the “Model-Based Benchmarking Consortium” which was one of the first large-scale applications of machine learning techniques to understand the underlying drivers of transportation rates. He goes on to briefly explain its evolution over the last 15 years into what we know today as the Freight Market Intelligence Consortium (FMIC).

Chris is joined by Chad Kennedy (Sr. Product Manager, FMIC Pulse at Chainalytics) to discuss the many use cases of FMIC Pulse — our real-time solution for understanding current market dynamics and long-term inflationary views which was introduced in 2017. Chris then lays out what to expect with Chainalytics’ soon-to-be-released freight rate forecasting solution which will include monthly forecasts for Active Contract Rates, Spot Premium Ratio, and New Rate Differential as well as a 15-month forward-looking market estimate. All of this is being launched in early 2020 to Chainalytics’ FMIC members. Wanna join? Email [email protected] to learn more.