COVID-19 has become one of the most disruptive events to hit supply chains in our lifetime.
Weather-related events, such as hurricanes and snowstorms are often confined to a specific region. And even national hardships, such as the great recession, played out over a number of years. But the novel coronavirus has hit quickly and has disrupted life throughout the world.
To keep you informed on the effects on supply chains, the DAT Analytics team is publsihing regular reports on COVID-19’s impact on freight markets, which will be updated every few days. The page includes analysis, frequently asked questions, and tracks these important metrics:
- Load posts – The number of load posts on DAT load boards measure demand, as brokers post their freight on the spot market.
- Truck posts – Truck posts measure capacity. When carriers have plenty of freight to haul, they’re less likely to post their truck on DAT load board. When things are slow, truck postings rise.
- Load-to-truck ratios – A quick way to guage current supply and demand conditions is the load-to-truck ratio: the number of load posts vs. truck posts. When load posts exceed truck posts by a certain margin, rates generally rise.
- Freight rates – Rates in 2020 had been fairly tepid compared to previous years, but pricing has been volatile since the crisis began.