Betting on Freight Futures
CNBC’s exclusive interview with FreightWaves CEO Craig Fuller
CNBC’s exclusive interview with FreightWaves CEO Craig Fuller
WHEN RANDOLPH AND Mortimer Duke first explained the commodities market to Billy Ray Valentine in 1983, they laid out five examples: a cup of coffee, a piece of bread, some slices of bacon, a glass of frozen orange juice, and a few bars of gold…Had Eddie Murphy, Ralph Bellamy, and Don Ameche been filming that seminal…
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.
On Friday morning at FreightWaves’ Market Street headquarters in Chattanooga, executives from DAT, Nodal Exchange, J.B. Hunt (NASDAQ: JBHT), as well as former U.S. Senator Bob Corker (R-TN), spoke to a large audience about the problems in the transportation and logistics industry that led to the creation of trucking freight futures.
On Thursday night, FreightWaves hosted a gathering of the transportation, logistics, and financial industries at its new headquarters ahead of the launch of the Trucking Freight Futures contracts on the Nodal Exchange Friday morning. Executives from local and national firms celebrated the arrival of freight futures a cocktail reception and dinner.
March 29th marks the launch of Nodal Exchange’s trucking freight futures. In this video, Nodal Exchange CEO Paul Cusenza talks about how trucking freight fits in with the rest of Nodal’s offerings and the potential for the exchange to address the financial transmission rights market.
Nodal Exchange, in collaboration with FreightWaves, the leading provider of freight market news, data and analytics, and DAT, the largest spot freight marketplace in North America, announced today the successful launch of the world’s first Trucking Freight Futures contracts.
The first futures tied to the cost of trucking goods across the U.S. are set to launch on Friday, testing whether an old-school industry will embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates.
Welcome to Nodal Exchange Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the largest set of electric power locational (nodal) futures and options contracts and the largest set of environmental futures and options…
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