Week over week, loads and rates were down for all three equipment types. On a year-over-year basis, however, last week's market report brought good news for the dry van and flatbed segments.
Overcapacity continues to suppress the freight market, holding down rates — but are we nearing the long-awaited uptick in the cycle? Most of the analysts think so, but there’s little agreement on how soon it will happen. Despite the evidence that there are still too many trucks available to haul the freight being offered, new trucks are selling.
Average spot rates' year-over-year declines are finally easing, freight volumes are making steady improvements, and unemployment is on the rise.
Summer seasonality continues to take hold in the spot truckload freight market. The number of loads posted on DAT One fell for the second straight week, dropping by 3% to 1.83 million last week. That’s down 7% year over year. Truck posts decreased 6% to 324,253.
Overcapacity continues to suppress the freight market, holding down rates — but are we nearing the long-awaited uptick in the cycle? Most of the analysts think so, but there’s little agreement on how soon it will happen. Despite the evidence that there are still too many trucks available to haul the freight being offered, new trucks are selling.
Trucking executives in the U.S. are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years.
The latest Freight Transportation Services Index confirms that May is the first month in 2024 to see year-over-year growth in terms of the value and volume of freight moved. This may be the start of many happier months for 2024.
Trucking executives in the US are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years.
Artificial intelligence (AI) brings unparalleled new opportunities for logistics and supply chain management. But many organizations remain uncertain about how best to implement AI.
The latest release of ACT’s For-Hire Trucking Index suggests the supply-demand balance between the fleet and freight is narrowing, ACT Research reported Thursday.