Usually more loads and fewer trucks means higher spot rates. But the national average weekly line-haul pricing declined compared to the previous week, according to DAT.
The total number of load posts to DAT MembersEdge rose almost 5% last week, signaling a late-month push by shippers and relatively strong truckload volumes overall.
Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a first quarter earnings call.
Demand is cooling in 2022 after TL shipments jumped 9.4% YoY in 2021, according to Cowen.
Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves - and he does not like what he is seeing.
Spot market prices dipped for the month but are still high historically, ATA and DAT say.
The GOT Truckers Act seeks fair compensation for truck drivers. Now, the Owner-Operator Independent Drivers Association wants its members to reach out to their respective lawmakers and ask them to support the bill.
Weakening spot market rates and skyrocketing fuel costs in March overshadowed strong truckload freight volumes and record-high prices for loads moving under contract, according to DAT Freight & Analytics.
Logistics Management Group News Editor Jeff Berman recently spoke with Ken Adamo, Chief of Analytics at DAT Freight & Analytics, the operator of the largest truckload freight marketplace in North America, and Chris Caplice, executive director of the Massachusetts Institute of Technology’s Center for Transportation & Logistics (CTL), and also DAT Chief Scientist, about various topics, including: the possibilty of a freight recession, contract and spot rates, fuel, and inflation, among other subjects.
As transportation costs in the US rise, shippers are consolidating more loads and limiting the number of partial shipments, which in effect is creating truckload spot market capacity, according to Dean Croke, principal analyst at DAT Freight & Analytics, the largest US spot market load board provider.