Predata,
the predictive analytics company for geopolitical risk, today announced
its integration with FreightWaves’
SONAR, the freight industry’s only market data and analytics platform.
In doing so, Predata has built over 200 custom freight-specific signals
that will be available to FreightWaves’ clients to assist them in
anticipating previously unmeasurable transportation risks. This
announcement comes on the heels of FreightWaves’ involvement in the
launch of the world’s first-ever Trucking Freight
Futures product.
The integration reflects how Predata technology can be seamlessly
integrated with front-end trading systems and data providers. Predata’s
AI-driven signals surface undiscovered concerns that have not been
incorporated into a general consensus. With Predata’s unique dataset,
SONAR users can quantify the potential impact of a variety of factors
influencing the spot and futures pricing of trucking and freight.
“Our integration with FreightWaves represents a new application of our
technology to the freight trucking industry,” said Hazem Dawani, CEO at
Predata. “SONAR users will soon get insights into how both geopolitical
macro risks and industry-specific risks could affect their operations
and trading, such as concerns around shipping companies and major
transit nodes.”
Craig Fuller, CEO of FreightWaves said, “With its unique insights, we
are excited to incorporate Predata signals into our platform, especially
given the recent launch of our Trucking Freight Futures. The SONAR
platform continues to provide our customers with the most comprehensive
data available for the freight and trucking industries.”
The FreightWaves SONAR platform is the industry’s first and only freight
market data and analytics platform. It couples millions of freight
market data points with the market intelligence of the FreightWaves
team, allowing users to customize their analysis of the freight markets.
FreightWaves’ core customers are both freight industry professionals and
financial institutions with direct and indirect exposure to the freight
or related markets. For more information about FreightWaves SONAR,
please visit: https://www.freightwaves.com/sonar.
For Predata, this continues the momentum from March, when the company
announced that its alternative data set was live on Bloomberg’s
“ready-to-use” enterprise data website, Bloomberg’s
Enterprise Access Point.
About Predata (@Predata)
Predata uncovers predictive behavior by applying machine learning
techniques to online activity. The company has built the most
comprehensive predictive analytics platform for geopolitical risk,
enabling customers to discover, quantify and act on dynamic shifts in
online behavior. The Predata platform provides users with quantitative
measurements of digital concern and predictive indicators for different
types of risk events for any given country or topic. For further
information and use cases, visit www.predata.com.
About FreightWaves
FreightWaves is the leading provider of news, data and market analysis
for the freight markets and is responsible for commercializing Trucking
Freight Futures to industry participants to build awareness and market
liquidity. The company’s news site, freightwaves.com, is the number one
freight and logistics news site globally and receives 2.7X more on-site
engagement than any other freight-related news site. The company’s SaaS
product, SONAR, is the industry’s first and only freight market data and
analytics platform. FreightWaves’ core customers are both freight
industry professionals and financial institutions with direct and
indirect exposure to the freight or related markets. www.freightwaves.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190410005171/en/