Power Lunch: Trucking, Meet Hedging
Morgan Brennan of CNBC interviews TransRisk CEO Craig Fuller, as he describes the role of a trucking futures index. The index, which is under development, is based on DAT spot market rate data.
Morgan Brennan of CNBC interviews TransRisk CEO Craig Fuller, as he describes the role of a trucking futures index. The index, which is under development, is based on DAT spot market rate data.
Truck tonnage moving on US highways slipped in September, after an increase in tonnage and shipments in August and despite high load volumes on US spot market load boards. That slight slip belied a strong year-over-year increase in tonnage.
Four decades after its founding as Dial-A-Truck, the business now known as DAT Solutions is considered the trucking industry’s premier load board, freight-rate aggregator and industry data provider.
In September, the DAT North American Freight Index was up 9% over August, and spot market freight availability saw a 74% annual increase. DAT officials explained that demand for truckload capacity, already at a premium due to economic growth and seas
DAT Solutions announces five additional partnerships with transportation management software (TMS) providers that have integrated DAT products into their applications.
Already, analysts and transportation providers say the storm, which followed on the heels of Hurricane Harvey, could have lasting impacts on truck rates and capacity through January 2018. "It's not just the Southeast," Mark Montague, industry pricing
Although the roads will be rough and difficult to drive for awhile, Mark Montague of DAT Solutions says there will always be some truckers up to the task and that will cost shippers more money.
DAT Solutions LLC says pricing on the spot truckload market for dry-van transport rose 11% last month.
Normal shipping patterns are upended as goods flow into Houston for restocking and rebuilding while little flows out; some truckers hesitate to accept loads
Like the summer weather in many parts of the country, the current state of the truckload contract and spots market remains in a good spot. That’s the word from DAT Solutions, a subsidiary of Roper Technologies, based on different data sets it has i