Computer-implemented trading in freight derivatives and techniques therefor
First Claim
1. A network-based, computer-implemented method of enabling a first user to purchase derivatives in freight capacity transported via at least two modes of transportation between a first location and a second location, comprising:
- receiving capacity release data from a plurality of carriers, said capacity release data pertaining at least to said two modes of transportation;
bundling capacity releases in accordance with a geographic bundling criterion, thereby creating a plurality of available derivative contracts;
receiving a derivative purchase request from said first user for capacity between said first location and said second location, said derivative purchase request having contract requirements that specify at least a shipment volume and a performance time;
obtaining from said plurality of derivative contracts a plurality of potentially suitable derivative contracts that satisfy said contract requirements;
selecting a subset of said plurality of potentially suitable derivative contracts to satisfy said derivative purchase request, said subset including at least a first derivative contract for a first mode of said two transportation modes and a second derivative contract for a second mode of said two transportation modes, said two transportation modes represent two from a set of air mode, sea mode, rail mode, and truck mode;
rendering said plurality of potentially suitable derivative contracts displayable in a first data section of a computer window on a computer display screen for viewing; and
simultaneously rendering user-specific forecast data displayable in a second data section of said computer window, said user-specific forecast data pertaining to demand forecasts by shippers between said first location and said second location, said user-specific forecast data does not include forecasts associated with any shipper that has not expressed a prior implicit or explicit authorization for said first user to view their forecast data.
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Accused Products
Abstract
Computer-implemented techniques via a computer network for allowing freight industry participants, including shippers, forwarders, carriers, and market makers to securely and conveniently trade in freight capacity, which is destined to be transported via a plurality of transportation modes, are disclosed. Trading is enhanced by providing user-appropriate forecast data and rating data to traders, while various data display restrictions are imposed to achieve security and to respect the confidentiality needs of the freight industry participants.
54 Citations
21 Claims
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1. A network-based, computer-implemented method of enabling a first user to purchase derivatives in freight capacity transported via at least two modes of transportation between a first location and a second location, comprising:
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receiving capacity release data from a plurality of carriers, said capacity release data pertaining at least to said two modes of transportation;
bundling capacity releases in accordance with a geographic bundling criterion, thereby creating a plurality of available derivative contracts;
receiving a derivative purchase request from said first user for capacity between said first location and said second location, said derivative purchase request having contract requirements that specify at least a shipment volume and a performance time;
obtaining from said plurality of derivative contracts a plurality of potentially suitable derivative contracts that satisfy said contract requirements;
selecting a subset of said plurality of potentially suitable derivative contracts to satisfy said derivative purchase request, said subset including at least a first derivative contract for a first mode of said two transportation modes and a second derivative contract for a second mode of said two transportation modes, said two transportation modes represent two from a set of air mode, sea mode, rail mode, and truck mode;
rendering said plurality of potentially suitable derivative contracts displayable in a first data section of a computer window on a computer display screen for viewing; and
simultaneously rendering user-specific forecast data displayable in a second data section of said computer window, said user-specific forecast data pertaining to demand forecasts by shippers between said first location and said second location, said user-specific forecast data does not include forecasts associated with any shipper that has not expressed a prior implicit or explicit authorization for said first user to view their forecast data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A network-based, computer-implemented method of enabling a market maker to trade in derivatives in freight capacity transported via at least two modes of transportation between a first location and a second location, said at least two modes representing two of a set that includes air, sea, rail, and truck, comprising:
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receiving capacity release data from a plurality of carriers, said capacity release data pertaining at least to said two modes of transportation;
bundling capacity releases in accordance with a geographic bundling criterion, thereby creating a plurality of available derivative contracts, a number of derivative contracts in said plurality of available derivative contracts being smaller than a number of capacity releases represented by said capacity release data;
rendering said plurality of available derivative contracts displayable in a first panel of a computer window on a computer display screen;
simultaneously rendering aggregated forecast data displayable in a second data section of said computer window, said aggregated forecast data pertaining to demand forecasts by a plurality of shippers between said first location and said second location, said aggregated forecast data does not reveal data that links a specific shipper to a specific shipment quantity. - View Dependent Claims (17, 18, 19, 20, 21)
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Specification