Truckload contract rate increases "could break records" in 2018, and are likely to remain strong for the next two years after that, a transport analyst said today.
Spot rates hit an all-time record the last week of December, according to the closely watched DAT Trendlines.
Retailers and manufacturers grappling with an unusually tight trucking market are paying the steepest prices in years to keep their goods moving.
Supply chain disruption caused by back-to-back hurricanes helped shift the top markets for spot and contract truck freight in the United States last year.
Truckload spot market capacity was ultra-tight last week as the new electronic logging device (ELD) mandate, combined with the approaching Christmas holiday, prompted many drivers to take an extended holiday from the road, consulting firm DAT Solutio
Tami Hart has worked for DAT Solutions for 16-plus years now. She switched from customer support to a compliance role 10 years ago, and that has led to more recognition and an impact on the industry that was recently honored by the Georgia Bureau of
The new year is bringing good news to third-party logistics firms as tight capacity sends the rates they charge shippers higher and their spot market business flourishes. Capacity demand has been building since the spring of 2016, said Mark Montague
November marked another solid month for spot market activity, according to data issued by DAT Solutions. With spot market load volume and rates having risen for 18 months, the national average spot van rate hit $2.07 per mile.
After years in the making, the ELD mandate takes effect today, with big questions surrounding how it will disrupt and impact the industry.
Trust and transparency are words not normally associated with truckload pricing. Enter Craig Fuller, armed with terabytes of pricing data from DAT, and an abiding faith in Adam Smith's "invisible hand" of the free market.