FreightWaves is a data/analytics, risk management and transportation information start-up company headquartered in Chattanooga, TN. FreightWaves is a SaaS or Software-as-a-Service provider of data for the North American freight market. FreightWaves and DSC’s Wright School of Business (WSOB) signed a memorandum of understanding (MOU) in December 2018 to collaborate on enhancing FreightWaves and the WSOB’s Logistics and Supply Chain Management (LSCM) program through curricula enhancements, joint events and transportation-related research projects. WSOB faculty and LSCM business students have access and training on the FreightWaves SONAR platform and their innovative events and programming. As part of this effort, WSOB is a member of the Blockchain in Transport Alliance (BiTA) organization providing research, education and use-case examples.
Students majoring in logistics and supply chain management learn to improve supply chain operations, reduce costs throughout the supply chain, reduce supply chain failures, and mitigate supply chain risk. The partnership with FreightWaves adds depth in freight pricing, freight futures, and information about freight markets to the business curriculum. FreightWaves also hosts the FreightTech Innovation Challenge, a team-based competition for college students and DSC's WSOB LSCM students participate.
The FreightWaves thesis is that a future market for freight will help shippers, carriers, and brokers negotiate prices based on informed predictions about where the market is headed, as well as providing data to hedge their positions. Recognized as a national leader in manufacturing and distribution of carpeting and all categories of floorcovering, Dalton, GA provides the perfect fit for this partnership enabling for DSC’s business students to gain experience with the cutting edge technology to understand the SONAR platform of FreightWaves.