Managing Price Volatility in Freight Transport
Freight transport is characterised by high price volatility. It is particularly marked in air and sea freight, but also concerns the road transport of goods. Indeed, several parameters have an impact on the evolution of prices: transport costs, the economic situation, the political/geopolitical context or even exceptional elements (health crisis, climatic hazards, etc). The transportation mode is also a determining factor in the price, each having its own functioning in terms of pricing and taxation.
How can transport operators gain visibility on transport prices and put an end to the opacity of the market? The digitalisation of freight transport and the use of data science now offer tools to improve price forecasting and bring more transparency to the supply chain.