Summer seasonality continues to take hold in the spot truckload freight market. The number of loads posted on DAT One fell for the second straight week, dropping by 3% to 1.83 million last week. That’s down 7% year over year. Truck posts decreased 6% to 324,253.
Overcapacity continues to suppress the freight market, holding down rates — but are we nearing the long-awaited uptick in the cycle? Most of the analysts think so, but there’s little agreement on how soon it will happen. Despite the evidence that there are still too many trucks available to haul the freight being offered, new trucks are selling.
Trucking executives in the U.S. are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years.
The latest Freight Transportation Services Index confirms that May is the first month in 2024 to see year-over-year growth in terms of the value and volume of freight moved. This may be the start of many happier months for 2024.
Trucking executives in the US are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years.
Artificial intelligence (AI) brings unparalleled new opportunities for logistics and supply chain management. But many organizations remain uncertain about how best to implement AI.
The latest release of ACT’s For-Hire Trucking Index suggests the supply-demand balance between the fleet and freight is narrowing, ACT Research reported Thursday.
A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts, with November’s presidential election further obfuscating the outlook.
An FMCSA report to Congress says the agency lacks the data and authority to do much of anything to combat illegal broker activity.
The freight market continues to be characterized by overcapacity, and with private fleets engaging in spot activity more than in past cycles, spot rates remain only slightly above the late-2023 lows, according to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK report.