FTR Senior Consultant Wins Forecasting Award from Federal Reserve Bank of Chicago


FTR Senior Consultant and Economic Expert, Bill Witte, received the “Best Change in Private Inventories” award from the Federal Reserve Bank of Chicago during their 2013 Economic Outlook Symposium.  This is just the latest forecasting award that FTR and their consultants have received confirming their reputation as the thought leader in freight transportation forecasting in North America.  The company has earned nine forecasting awards since 2005, including the Federal Reserve Bank of Chicago’s Best Overall Forecast, Best Unemployment Rate Forecast, and Best Oil Price Forecast in 2012. 

Witte recently retired from teaching in the Department of Economics at Indiana University in Bloomington. For many years he was associated with the IU Center for Econometric Model Research, where he used large computer models to produce forecasts of the U.S. and Indiana economies. He continues to produce regular forecasts for the U.S. economy using a model that has about 300 variables.  He has been consulting with FTR since 2008. 

According to Eric Starks, President of FTR, "Bill Witte is one of the best in the business, and he continues to demonstrate this time and time again.  These awards are important recognitions for our organization and demonstrate our core strength in forecasting outcomes for our subscribers. Credit goes to the Federal Reserve Bank of Chicago for recognizing all the award recipients who are helping companies forecast intelligently."

For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.

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