The Trucker: Cass Freight Index shows mixed numbers for May
The Cass Frieght Index showed a variety of trends in the month of May.
The Cass Frieght Index showed a variety of trends in the month of May.
The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.
President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% rate without additional increases.
Loads posted to the DAT truckload spot market in the week ending June 14, down 8% from the previous week but in line with posts from the same week last year, according to DAT Freight & Analytics.
Freight markets are once again feeling the pressure of unpredictability. According to the annual Council of Supply Chain Management Professionals State of Logistics report, businesses must prioritize agility, expand sourcing across multiple countries, and lean into AI-driven innovation.
With uncertainty continuing to shake global trade and freight markets, it may be tempting for trucking and logistics businesses to wait for things to settle down. But the latest State of Logistics report warns that the real danger lies in standing still.
In this episode of Freight 360, we’re joined by Ken Adamo, Chief of Analytics at DAT, and Marcus Womack, CEO and Co-founder of Outgo, to break down the current freight market and DAT’s recent acquisition of Outgo.
Load posts settled 12% lower ahead of Memorial Day weekend
Data from Truckstop and FTR Transportation Intelligence for the week ending May 16 showed expected robust increases in broker-posted spot rates for dry van and refrigerated equipment due to the annual International Roadcheck roadside inspection event.
Outgo co-founder and CEO Marcus Womack said the acquisition "will allow us to continue to develop payment innovations at a greater scale."