Using Real-time Freight Data as an Indicator for US Economic Health
The freight economy often feels the effects of macroeconomic conditions before the broader economy, making freight data and analytics a key leading indicator for understanding economic trends. Data around truckload demand, carrier rates and ocean container activity can all be viewed to gain greater insight before changes show up in government data. This white paper from SONAR highlights four key data correlations, detailing the degree of their correlation (Pearson correlation coefficient), the causal mechanisms connecting them and their overall significance.
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