COVID-19 has become one of the most disruptive events to hit supply chains in our lifetime, and the DAT Analytics team is publishing regular reports to track its impact on freight markets. See what's new this week.
Freight rates are weak right now, as everyone in the industry is painfully aware. But while poring over the data in DAT RateView and reading reports from many industry analysts, I found encouraging news.
Coronavirus is getting a lot of attention, but it didn't have much impact on domestic freight in the U.S. at first. If the slowdown in Chinese exports continues beyond the end of February, however, the effects could ripple through worldwide supply chains and reduce demand for freight transportation here.
The spot market continued to grow in 2019, even when compared to a banner year like 2018. Truckload volumes grew significantly in 2019, but so did capacity. That kept prices well below the historic highs of 2018, but it did reshape some of the top markets we're accustomed to seeing on these year-end lists.
What can we expect in 2020? With all the uncertainty swirling around the year ahead, it can be tough to find your footing. Trade wars, oil prices, and elections have left many analysts wrestling with this question.