DAT Freight & Analytics, a leader in transportation and logistics data, has announced a strategic partnership with Orderful, an advanced Electronic Data Interchange (EDI) vendor specializing in end-to-end document management for enterprise-level shippers.
US trucking executives are expressing optimism that their recession may soon end as freight rates are poised to increase for the first time in nearly two years. The average cost of transporting goods by truck is expected to rise by 0.2% year-over-year this month, following 27 consecutive months of decline, according to freight marketplace DAT Solutions. Demand appears to be returning to pre-pandemic levels, with trucking executives predicting a recovery as their stock prices climb.
DAT Freight & Analytics announces a strategic partnership with Orderful, an advanced Electronic Data Interchange (EDI) vendor specializing in end-to-end document management for enterprise-level shippers.
Spot rates held firm as DAT One load posts rose and capacity tightened The number of loads posted on DAT One rose by 1% to 1.88 million last week. That’s down 9% year over year. Truck posts fell 9% to 307,931, the lowest Week 31 total since 2017.
A historic purge of capacity among large US truckload carriers is under way, with the carriers in the Journal of Commerce Truckload Capacity Index (TCI) slashing their collective truck capacity by 9.5% year over year in the second quarter.
Beaverton, Ore.-based DAT Freight & Analytics has reported spot truckload rates rose in June despite declines in the number of loads moved.
Recent data points to a potential positive transition in the freight cycle, analysts recently said, noting some changes show promise for carriers.
Seasonal trends were apparent, for the week of July 21-27, in spot market data provided to LM from DAT Freight & Analytics.
According to DAT Freight & Analytics, load posts declined 3% while spot rates slumped.
While the debate over broker transparency rages and FMCSA plans action on that front (possible as soon as three months from now), DAT Chief of Analytics Ken Adamo might have just handed over the goods -- partially, anyway.