The number of loads posted on DAT One edged 1% lower to 1.67 million last week, which is 11% lower year over year. Truck posts fell 5.5% to 317,457. Compared to Week 33 in 2019 (pre-pandemic conditions), load posts were up 9% and truck posts were down 17%.
DAT's Truckload Volume Index reported that spot truckload freight volumes in July were stable for the second straight month and up more than 10% year over year.
LTL pricing in July had some of its highest year-over-year upticks of 2024.
Freight rates are the lifeblood of the for-hire trucking industry. Determined by supply and demand, rates work differently among trucking segments and between spot and contract freight.
Market conditions for trucking companies stayed in positive territory in June, but weakened from May, according to FTR’s monthly Trucking Conditions Index (TCI).
The first moves to close down much of Canada’s rail operations in a labor dispute are underway. Canadian National Railway is starting a phased shutdown of its network with a halt to the movement of hazardous cargo.
ACT Research reported Tuesday its medium- and heavy-duty truck forecast for 2025 shifted down sharply this month, even as 2024 forecasts push higher.
Last week’s lower volumes and flat rates showed a typical mid-August pattern for truck demand on the spot market
Fewer US shippers are expecting significant rate increases from truckload carriers in early 2025 as economic indicators and reports point to slower economic growth than recently anticipated and uncertainty about freight demand.
Many owner-operators don’t know what beneficial ownership information is or why they have to file it, so Land Line Now gets answers from two experts.