PORTLAND, Ore., June 06, 2017 (GLOBE NEWSWIRE) -- Broughton Capital, LLC, an independent financial research firm, has unveiled a set of tools for truckload industry market watchers called “DAT Freight Barometers.” Based on data from DAT Solutions’ truckload freight marketplace and the company’s DAT RateView database, Broughton has developed proprietary econometric algorithms which are being called the DAT Freight Barometers.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/81d398dc-9494-4e8d-9b02-2b6d27dc6c45
According to Broughton, these tools provide “predictive value in determining the magnitude and direction of trends in both spot and contract market rates, as well as predictive value for the overall economy.”
Broughton Capital selected DAT as a partner because of the breadth and depth of the company’s vast DAT load board network which expects to host 141 million posted loads and trucks in 2017, about 485,000 loads per business day; and DAT’s truckload rates database, which houses more than $33 billion of spot and contract freight payments. Carriers, 3PLs and shippers across North America move spot market truck freight with assistance from the DAT network.
“We have long considered DAT the equivalent of the NYSE and NASDAQ of trucking,” asserted Donald Broughton, managing partner of Broughton Capital. Mr. Broughton focuses on financial performance of companies in the transportation sector, and the underlying goods flow and economic factors driving that performance. Freight barometers based on DAT data have been developed for the three major equipment types: van, flatbed and refrigerated vans.
For more information on DAT Freight Barometers, contact info@broughtoncapital.com
The launch of DAT Freight Barometers comes roughly a month after TransFX announced that indices for its upcoming Truck Futures Exchange will rely on rate data from DAT. According to the announcement, the indexed data, which will be drawn from a limited number of high-density trucking freight lanes will form the foundation for their hedge contracts.
“We’re delighted to see that the data integrity processes we’ve spent years developing for our freight exchange and rates databases are enabling new business opportunities based on the data,” said Don Thornton, DAT senior vice president. ”When we’re asked what sets you apart, being recognized by industry experts as the defacto standard is the answer.”
About Broughton Capital
Through best in class research and data analytics, Broughton Capital provides the independent variable that can change the value of an equity, a company’s access to capital (debt and equity), ability to merge or acquire, and even a management team and its behavior. www.broughtoncapital.com
About DAT Solutions
DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 141 million forecasted freight matches in 2017, and a database of $33 billion of market transactions. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; authority, fuel tax, mileage, vehicle licensing, and registration services; and carrier onboarding. Founded in 1978, DAT Solutions, LLC is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500, Fortune 1000 and Russell 1000 indices. DAT.com