COVID-19

VIDEO: DAT iQ Market Update shows freight markets rebounding
VIDEO: DAT iQ Market Update shows freight markets rebounding

This week, DAT Chief of Analytics Ken Adamo speaks with Chris Caplice; Chief Scientist at Chainalytics, Executive Director of Center for Transportation and Logistics, and Senior Research Scientist at MIT. Chris will be transitioning to DAT as part of the recent FMIC acquisition. Watch Ken and Chris discuss further in this interview.

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VIDEO: Spot rates rebound to 2019 levels
VIDEO: Spot rates rebound to 2019 levels

As we wrap up the month of May and roll into June, it becomes much more evident that the freight markets are soundly in recovery mode. Most of our key indicators are tracking towards 2019 levels and testing where they sat before COVID-19 hit the U.S.

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Reefer freight outlook cools due to food service closures
Reefer freight outlook cools due to food service closures

Reefer carriers are starting to feel the pain of coronavirus-related closures, as volume and rates declined sharply for reefer equipment in the past two weeks. Restaurants and cafeterias are closed nationwide, which eliminates a big segment of refrigerated shippers and their freight, even as grocery stores continue to replenish inventories at an accelerated pace.

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Van rates rise again, but trends could reverse soon
Van rates rise again, but trends could reverse soon

Van rates may fall as fast as they rose, as declining load-to-truck ratios signal the end of the coronavirus-fueled spike in spot freight. Retail inventories are still being depleted and replenished at a rapid pace, but the freight pipeline is depleted because of business closures all over the country. Plus, many consumers face sudden job losses, making them wary about discretionary spending.

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