Will Truckers Trade Futures? A New Market Seeks to Draw Freight Bets (WSJ)

The first futures tied to the cost of trucking goods across the U.S. are set to launch on Friday, a new financial tool designed to protect cargo haulers and shippers against swings in freight rates. Nodal Exchange, a unit of German exchange giant Deutsche Börse AG, plans to debut 11 new futures contracts linked to trucking costs. Futures allow firms to bet on whether the price of an asset will rise or fall, or to hedge against unfavorable price moves. There is an established market for futures-like contracts on ocean freight rates, but Nodal’s trucking futures will be the first of their kind, their creators say.

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