Freight Market
The freight market refers to the system where goods are transported from one location to another, typically using various modes of transportation such as trucks, ships, and trains. This market involves the buying and selling of transportation services, where shippers (those needing to move goods) and carriers (those providing transportation) interact to negotiate prices and terms.
Factors influencing the freight market include supply and demand, fuel prices, and economic conditions. Seasonal trends, such as holiday shopping or agricultural harvests, can also impact freight volumes. Understanding this market is essential for businesses to optimize their logistics and reduce transportation costs.