DENVER, Colo., September 28, 2022 – DAT Freight & Analytics, which operates the DAT One network for spot truckload freight and the DAT iQ analytics service, and ACT Research, the leader in industry analysis and forecasting services for commercial vehicles and transportation, have entered into an agreement that will enhance the service offerings of both organizations.
“By far, DAT maintains the largest database of truckload transactions than any other marketplace in the industry,” said Tim Denoyer, Vice President and Sr. Analyst at ACT Research. “Joining forces to harness the power of DAT’s dearly valued RateView data, with our strategic forecasting services, will enhance our offerings to the industry.” With more than 500-million loads posted each year, DAT iQ provides incredible detail about spot and contract rates through a database of $137 billion in annual market transactions.
Ken Adamo, DAT’s Chief of Analytics, commented, “ACT Research provides a critical service to the industry. We’re excited about how our collaboration will enhance their spot and contract rate forecasting to benefit shippers, carriers, brokers, and all stakeholders alike.”
ACT Research utilizes proprietary Class 8 equipment population and driver analysis, with award-winning economic forecasting, to predict DAT rates over a 2–3-year window. “We add value by applying our expertise in freight volume and capacity dynamics to predict where rates are headed in the future,” added Denoyer.
ACT’s Q2’22 forecasts for DAT spot rates, net fuel, from a year out, were 98.7% accurate in the ACT Freight Forecast. The standard deviation of this data set on a quarterly basis is 19%.
Both Adamo and Denoyer will be on stage at DATCON22, DAT’s annual user conference for transportation and logistics professionals, this October 5-7. The event will be held in Austin, TX, at the AT&T Hotel and Conference Center, and include workshops, networking events, and topical guest sessions. For more information about DATCON22, click HERE.
About ACT Research
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s 68th Seminar is scheduled for February 21-23, 2022. Look for more details on this event over the coming months and save the date for February’s event. When details are available, they may be found at www.actresearch.net.
ACT Research recently completed POWER UP, a look at 7 global regions and more than 20 countries in a review of local regulations, infrastructure, and the impact on the adoption of battery and fuel cell electric commercial vehicles through 2040. This forecast is the first of its kind, a review of the decarbonization of commercial vehicles around the world. POWER UP is available now at https://www.actresearch.net/power-up/.
Additionally, ACT Research published an update to CHARGING FORWARD, a North American-centric battery and fuel cell electric vehicle adoption rate forecast, covering 23 vehicle applications, in Classes 4-8 commercial vehicles, through 2040. CHARGING FORWARD is considered by many industry leaders to be the apex of analysis and economic-based total cost of ownership modeling in the industry. And, it is now available for purchase at https://www.actresearch.net/electric-vehicles-charge/.
Click here for more information about ACT’s Freight Forecast report.For information about other ACT Research publications, click here.
Media Contact:
Jennifer McNealy
812-379-2085
jsmcnealy@actresearch.net