The Wall Street Journal (WSJ) reports that the first futures tied to the cost of trucking goods across the U.S. launched in Chattanooga today, with the debut by Nodal Exchange of 11 futures contracts linked to trucking costs. Will an old-school industry embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates?
The unit of Deutsche Börse AG works with trucking data and news provider FreightWaves and trucking load board DAT Solutions LLC on the plan. FreightWaves Chief Exeuctive Craig Fuller predicts trading will “start small and build over time.”
For Wall Street Journal subscribers, view the full article here.
Find out more about trucking freight futures here.