Episode Details
Back to EpisodesWhat's Next for The Freight Market with Chris Pickett
Description
Joe Lynch and Chris Pickett discuss what's next for the freight market. Chris is the Chief Operating Officer at Flock Freight, a technology company that is on a mission to solve the US trucking industry's wasted capacity problem. Chris is also the Lead Market Analyst at Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates.
About Chris PickettChris Pickett is the Chief Operating Officer at Flock Freight, a technology company that is on a mission to solve the US trucking industry's wasted capacity problem. Its patented technology finds and fills underutilized trailer space so Shippers can save, Carriers can earn more, and goods can move terminal-free faster and more efficiently. Think faster than traditional LTL and with less damage and cheaper than underutilized FTL – while emitting 20-40% less carbon than the alternative. In addition to his role at Flock, Chris is also the Lead Market Analyst at Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. Prior to Flock, he played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics - a UPS Company, a leading provider of non-asset based 3PL solutions across North America and Europe. Chris' passion for understanding US Truckload Freight Market dynamics and predicting the direction of spot and contract rates stems from his work at Coyote over this period where long-term contract commitments were often made based on an expected long-term cost of capacity in the spot market. It has since become a borderline obsession, where his fascination in these market phenomena continues to drive the evolution of the market cycle framework and the predictive value it delivers. Before joining Coyote in 2006, Chris spent his early career in supply chain software development and network design – and studied at as many Eastern US tech schools as he could: earning a B.S. in Industrial & Systems Engineering from Virginia Tech, an M.Eng. in Logistics from MIT, and an MBA from Georgia Tech.
About Flock FreightFounded in 2015, Flock Freight is a technology company reinventing the supply chain through smarter, more sustainable shipping solutions. By leveraging its patented technology, Flock Freight matches locations, schedules, and compatible shipments, finding the best options to pool freight at scale among billions of possible combinations. As one of the first freight shipping companies to earn a B Corporation certification, Flock Freight's solutions for moving fuller trucks on optimized routes results in r