DAT Industry Pricing Analyst Market Montague spoke with OOIDA's Terry Scruton this week on Land Line Now. They discussed the current freight trends, like intermodal shipping's impact on truckload rates, and the capacity shortfalls that have come as a result of the ELD mandate.
Four factors added up to create extraordinary pressure on spot market truck capacity, driving rates up as high as we’ve seen them since at least 2010, when we established the freight rates database that forms the foundation of DAT RateView.
When we declared that the freight recession was over back in January of 2017, we expected it to be a bounce-back year for the trucking industry. What we didn’t anticipate was just how much demand on the spot market would explode.