Trading in multi-modal freight shipment derivatives

• US 8,504,464 B2
• Filed: 08/23/2010
• Issued: 08/06/2013
• Est. Priority Date: 03/25/2004
• Status: Active Grant

• Current Assignee: FutureFreight Corporation
• Original Assignee: Future Freight Corporation
• Inventors: Laurent, Pierre L., Miner, Petere
• Primary Examiner(s): Vezeris, James
• Assistant Examiner(s): BAIRD, EDWARD J
• Application Number:
  US12/861,628
• Publication Number:
  US 20110125666A1
• Time in Patent Office: 1,079 Days
• Field of Search: 705 35- 40
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 10/0631 Resource planning, allocation, distributing or scheduling for enterprises or organisations
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/083 Shipping
• CPC Class Codes: G06Q 10/0834 Choice of carriers
• CPC Class Codes: G06Q 10/08345 Pricing
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method for facilitating freight shipment between a first geographic location and a second geographic location is disclosed. The method comprising displaying in a first data section of a browser window derivative contract data pertaining to shipment capacity offered by carriers between the first geographic location and the second geographic location, the derivative contract data being associated with at least shipping mode. The method further comprising displaying in a second data section of a browser window forecast data pertaining to demand forecasts between the first geographic location and the second geographic location, the forecast data being provided by shippers, the second data section being configured to be viewed simultaneously with said first data section, the browser window being configured to be accessible via a computer network. The method further comprising receiving shipper assessment of accuracy of the forecast data from the shippers.

Claims

1. A method for facilitating freight shipment in a computer-implemented freight shipment system having a computer network between a first geographic location and a second geographic location, the method comprising:

displaying in a first data section of a browser window, by said computer-implemented freight shipment system, said browser window being configured to be accessible via said computer network, derivative contract data pertaining to shipment capacity offered by carriers between, said first geographic location, and said second geographic location, said derivative contract data being associated with at least one shipping mode;

displaying in a second data section of said browser window, by said computer-implemented freight shipment system, forecast data pertaining to demand forecasts pertaining to shipment capacity between said first geographic location and said second geographic location, said forecast data being provided by shippers, said second data section being configured to be viewed simultaneously with said first data section,

receiving, by said computer-implemented freight shipment system, shipper assessment of accuracy of said forecast data pertaining to said demand forecasts pertaining to shipment capacity between said first geographic location and said second geographic location from said shippers;

sorting, by said computer-implemented freight shipment system, said forecast data by geography;

sorting, by said computer-implemented freight shipment system, actual shipment data by geography;

comparing, by said computer-implemented freight shipment system, said forecast data with said actual shipment data to calculate a forecast quality index; and

calculating, by said computer-implemented freight shipment system, a forecast quality index utilizing said comparing of said forecast data with said actual shipment data.

2. The method of claim 1 wherein said derivative contract data being associated with at least two of an air mode, a sea mode, a train mode, and a truck mode.

3. The method of claim 1 further including displaying in said second data section rating data associated with said forecast data, each rating in said rating data reflects at least one of a qualitative assessment of a forecast associated with said each rating and a quantitative assessment of said forecast associated with said each rating.

4. The method of claim 3 wherein said qualitative assessment represents an aggregated value that takes into account qualitative assessments from different shippers.

5. The method of claim 3 wherein said qualitative assessment is associated with a shipper that furnishes said forecast associated with said each rating and wherein said second data section includes an identity of said shipper that furnishes said forecast associated with said each rating.

6. The method of claim 3 wherein said qualitative assessment includes at least four of a set of criteria that includes demand, manufacturing readiness, manuthcturing location, capacity, product, lane, and lane stability.

7. The method of claim 1 wherein said derivative contract data represents futures contract data.

8. The method of claim 1 wherein said derivative contract data represents option contract data.

9. The method of claim 1 further comprising displaying in a third data section of said browser window, by said computer-implemented freight shipment system, unfulfilled derivative contract order data, said third data section being configured to be viewed simultaneously with said first data section and said second data section.

10. The method of claim 1 further comprising displaying in a third data section of said browser window, by said computer-implemented freight shipment system, matched derivative contract order data.

11. The method of claim 1 further comprising

displaying in a third data section of said browser window, by said computer-implemented freight shipment system, unfulfilled derivative contract order data;

and

displaying in a fourth data section of said browser window, by said computer-implemented freight shipment, system, successfully matched derivative contract order data, wherein said third data section and said fourth data section being configured to be viewed simultaneously with said first data section and said second data section.

12. The method of claim 1 wherein a displayed data item in said derivative contract data represents a plurality of capacity offers from at least a subset of said shippers.

13. The method of claim 12 wherein each displayed data item in said derivative contract data is bundled from data associated with a plurality of capacity offers from at least a subset of said shippers, said each displayed data item being associated with a single mode, at least two of displayed data items in said derivative contract data are associated with two different modes.

14. The method of claim 12 wherein said plurality offers are bundled into a derivative contract represented by said displayed data item in accordance to a geographic bundling criterion.

15. The method of claim 12 wherein said plurality of offers are bundled into a derivative contract represented by said displayed data item, in accordance to a time frame bundling criterion.

16. The method of claim 3 further comprising displaying in a third data section of said browser window, by said computer-implemented freight shipment system, unfulfilled derivative contract order data, said third data section being configured to be viewed simultaneously with said first data section and said second data section.

17. The method of claim 3 further comprising displaying in a third data section of said browser window, by said computer-implemented freight shipment system, matched derivative contract order data.

18. The method of claim 3 further comprising

displaying in a third data section of said browser window, by said computer-implemented freight shipment system, unfulfilled derivative contract order data;

and

displaying in a fourth data section of said browser window, by said computer-implemented freight shipment system, successfully matched derivative contract order data, wherein said third data section and said fourth data section being configured to be viewed simultaneously with said first data section and said second data section.

19. The method of claim 2 further including displaying in said second data section rating data associated with said forecast data, each rating in said rating data reflects at least one of a qualitative assessment of a forecast associated with said each rating and a quantitative assessment of said forecast associated with said each rating.

20. The method of claim 19 further comprising

displaying in a third data section of said browser window, by said computer-implemented freight shipment system, unfulfilled derivative contract order data;

and

displaying in a fourth data section of said browser window, by said computer-implemented freight shipment system, successfully matched derivative contract order data, wherein said third data section and said fourth data section being configured to be viewed simultaneously with said first data section and said second data section.