Freight Forecasting Beyond Spreadsheets and Guesswork

3 min read
Freight Forecasting Beyond Spreadsheets and Guesswork

Freight teams spend a lot of time trying to anticipate where the market is headed.

They track benchmark rates. They watch congestion build. They follow blank sailings, tariff changes, GRIs, capacity shifts, and market updates. They talk to carriers and forwarders. They build procurement plans and budgets based on where they think rates are likely to go next.

The difficult part isn’t knowing that the market moves.

It’s understanding what those changes are likely to mean for the rates you’re actually paying.

Because freight markets can shift quickly. Congestion in one region can ripple through rates globally. Blank sailings, GRIs, tariff changes, closures, and capacity shifts can send rates moving in days, while procurement plans and budgets take weeks or months to catch up.

At the same time, the information shaping those decisions is scattered across spreadsheets, carrier emails, analyst reports, market updates, and a dozen other places teams are expected to somehow piece together in real time.

That’s where Freightos Terminal Forecasting comes in.

Forecasting combines your own benchmarking data with live market conditions and forecasting models built on Freightos air and ocean market data. The result is a clearer view of how changing market conditions are likely to affect the rates your team is actually paying.

Instead of manually translating broad market trends into spreadsheets and internal assumptions, teams can see projected rate movement directly against their own benchmarked pricing.

That changes the experience quite a bit.

Introducing Freightos Terminal Forecasting

Freightos Terminal Forecasting helps logistics, procurement, and supply chain teams anticipate how changing market conditions may affect their rates before those shifts fully hit budgets, tenders, or booking decisions.

The tool combines customers’ own benchmarking data with Freightos air and ocean market data – including historical pricing trends, seasonality patterns, and live market conditions like congestion, blank sailings, GRIs, closures, and capacity shifts – to generate lane-level freight forecasts grounded in real market activity.

The result is a lane-level forecasting view across ocean and air freight markets. Here’s what it looks like:

Users can drill down into forecasts by trade lane, country pair, port pair, or airport pair, and see: 

  • current market rates
  • projected rate ranges
  • expected price direction
  • probability of price increases or decreases
  • disruption intensity and market risk
  • market conditions influencing the forecast

Early testing shows approximately 75-85% accuracy across multiple trade lanes – a significant level of predictability in a market as volatile as freight. 

From Market Visibility to Actual Planning

Most freight teams already look at market data.

The challenge is turning that information into planning decisions quickly enough to be useful.

Forecasting helps bridge that gap.

Instead of looking at a general market trend and manually estimating what it might mean for specific lanes, providers, or budgets, teams can see how changing market conditions are likely to affect their own freight rates. 

For procurement teams, that can help with:

  • timing tenders more strategically
  • identifying better booking windows
  • reducing exposure to sudden rate increases

For supply chain teams, it can help with:

  • spotting disruption risk earlier
  • adjusting plans as conditions change
  • understanding how market events may affect specific lanes

And for leadership teams, it creates a clearer way to discuss freight planning internally – with real market context behind the numbers.

Built on Freightos Market Data

Forecasting is powered by the same data infrastructure behind Freightos Terminal, including:

  • 40 billion freight data points
  • 121 million ocean spot and contract price points per month
  • 1.4 billion air cargo spot and contract data points per month
  • 100+ real-time carrier APIs
  • 30,000+ transit time routes

The tool incorporates live market conditions like congestion, blank sailings, GRIs, closures, and capacity shifts alongside historical pricing trends and seasonality patterns.

No forecasting tool can eliminate uncertainty in freight markets. But Forecasting gives teams a more practical way to connect changing market conditions to their own rates, procurement decisions, and planning assumptions – without manually piecing everything together themselves.

See Freightos Terminal Forecasting in Action

Click to learn more or request a demo with the Freightos team.

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