Equipment Finance News: Freight bankruptcies swell to 21 in Q3
Five more freight carriers filed for bankruptcy at the end of September, bringing the third-quarter total to 21 as transportation financing woes continue.
Five more freight carriers filed for bankruptcy at the end of September, bringing the third-quarter total to 21 as transportation financing woes continue.
Trucking companies continue to transform their businesses, expanding beyond traditional transportation to offer a full spectrum of warehousing and supply chain solutions and navigate a changing marketplace.
Updates to the DAT One load board help carriers find quality loads quickly, negotiate better rates with fresher market data, and connect with freight brokers they can trust.
Loads posted to the DAT One truckload spot market in the week ended Oct. 4, up 13% from the previous week and 29% higher than a year earlier.
Explore the latest updates from DAT Freight & Analytics on the DAT One load board for faster load searches and better rates.
Seven more freight companies filed for bankruptcy over the past month, as unsecured debt racked up, although some transportation subsectors are showing strength.
Explore how fleets are leveraging digital tools, AI, and new software to boost efficiency, performance, and operational insight.
This year was "supposed to be the year of freight’s bounce back. The year of the pre-buy" of new trucks as fleets large and small anticipated the next emissions round from the Environmental Protection Agency.
A push to pull cargo forward earlier in the year to dodge tariffs is affecting typical season demand for trucks, said Ken Adamo, DAT chief of analytics.
Spot truckload volumes and rates saw declines in August on the heels of a tariff-driven pull-forward of imports, according to the new edition of the DAT Truckload Volume Index, which was released today by DAT Freight and Analytics.