Average spot rates for refrigerated transport rose 5.8% from April to May, according to DAT Solutions, which says the ratio of loads to trucks rose more than 30% over that period.
As restaurants begin to reopen and regulations around social gatherings are relaxed, DAT Freight & Analytics expects freight volumes to make a big comeback this summer.
It's common for spot rates to dip after Memorial Day and then take off again prior to July 4, but this year, DAT reports that spot truckload prices remained stable.
Spot truckload volumes rose 13% last week as freight activity returned to more typical levels following a holiday-shortened workweek, reported DAT Freight & Analytics, which operates the industry’s largest load board network and freight data analytics service. The number of trucks posted to the DAT network increased 15% compared to the previous week, which included Memorial Day.
Spot truckload volumes rose 13% last week as freight activity returned to more typical levels following a holiday-shortened workweek, according to DAT Freight & Analytics, operator of the DAT load board network and analytics service. The number of trucks posted to the DAT network increased by a larger degree in the same week, 15% compared to the previous week, which included Memorial Day.
Dean Croke is the principal industry analyst at DAT Freight & Analytics, which operates in the industry's largest load board for spot truckload freight, and a data analytics program based on $126 billion in annual spot and contract freight transactions. For information, visit dat.com.
New partnership enables carriers to integrate tracking through their ELDs, delivers new load insights to DAT customers
The Packer spoke on May 25 with Dean Croke, Boston-based principal analyst for DAT Solutions, about the unprecedented truck rate increases the industry has seen far, and what may be around the corner.
Portland, Ore.-based DAT Freight & analytics, an online marketplace for spot market truckload freight, and Chicago-based FourKites, a provider of real-time tracking and visibility solutions across transportation modes and digital platforms, recently heralded a strategic partnership focused on bringing FourKite’s real-time, end-to-end supply chain visibility into DAT’s network.
Partnership will provide DAT customers with valuable new insight into the status of their loads from dock to dock, including predictive ETAs and wait-time information at more than 1 million shipper docks across North America.