For two years, trucking industry watchers have predicted a "bloodbath" where drooping rates and rising diesel press tens of thousands of carriers, particularly small carriers and owner-operators, out of the market and maybe all the way to total failure.
It was a tough month for for-hire truck tonnage in March, with tonnage sliding 2%. However, industry watchers continue to see signs of improvement on the near-term horizon for truckers.
Samuel Parker, director of shipper segment with DAT, describes the company's iQ platform, which hosts the new and improved DAT iQ Benchmark, an AI-powered business tool for shippers.
The intersection of seasonal trends and lower spot truckload rates in March was the main theme of the new edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics.
General freight rates for trucks are still down year over year, according to recent Week 15 data from both DAT Freight & Analytics and FTR Transportation Intelligence.
Trucking provider Knight-Swift Transportation Holdings is significantly lowering its earnings expectations for the first quarter as capacity remains loose and shippers try to hammer down pricing.
DAT analytics chief Ken Adamo's "Big Rips and Fat Lips" look at broker margins -- the percentage of a shipper's payment the broker keeps after paying the carrier -- focused on outlying large takes (those rips) and very-small cuts or even money-losing loads (the lips).
It's been almost a month since a massive cargo ship crashed into Baltimore’s Francis Scott Key Bridge, and the data is starting to roll in about its impact on the supply chain.
A leading freight company is seeing its stock tank after weak trucking volumes led to a first-quarter earnings miss on both profit and sales.
Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics, which operates the DAT One online freight marketplace and DAT iQ data analytics service.