The Transportation Intermediaries Association, the main trade group for freight brokers and 3PLs, has taken up what they hope will be an industry-wide fight against freight fraud, admitting that scammers are hurting their business and reputation. The fight isn't exactly going their way just yet.
In the first quarter of 2024, cargo theft incidents were up more than 46% compared with the year prior, according to CargoNet. Notably, it’s also a 10% rise from the fourth quarter last year.
The first four months of this year have been a challenge, but DAT expects to see the effects of seasonality on freight volumes and rates.
The outlook for truckload freight markets and rates is less cloudy after a dismal first quarter, according to carriers and analysts.
Shippers can compare their performance to all contributors over time and across numerous attributes, including average distance, count of loads, fuel cost per mile, total cost over time, and the percent of spot loads
Information was obtained from firm representatives through questionnaires and could not be independently verified by the Portland Business Journal. In case of ties, companies are listed alphabetically.
US truckload carriers aren’t waiting for capacity to exit the market; they’re parking and selling trucks to bring supply closer in line with demand and shore up pricing.
As produce season ramps up, the market anticipates an impact on not only on reefer volume, but also on truckload capacity and pricing.
Companies looking at electric heavy-duty trucks are starting to get sticker shock over the operating costs of new-technology big rigs.
DAT iQ Benchmark uses new AI-powered rate models trained on the industry’s largest dataset, comprising $150 billion in annual market transactions.