Total Soft Bank, an industrial logistics solutions company, has partnered with Aidrivers, which specialises in Artificial Intelligence (AI)-enabled autonomous solutions and autonomous retrofitting capabilities for industrial automation.
According to Truckstop.com research, nearly 80% of owner-operators indicate they just don’t like to negotiate rates with a broker.
Truckload freight volumes retreated and spot-market rates dropped sharply in April, compounding pressure on small trucking companies and independent operators already strained by record fuel prices, said DAT Freight & Analytics, operators of the industry’s largest truckload freight marketplace and DAT iQ data analytics service.
An unexpectedly large drop in spot market capacity last week during the annual “Roadcheck” program pushed dry-van and refrigerated spot rates up for the first time since January, according to DAT.
When a trucking company or owner operator sends emails to brokers with their truck availability, oftentimes those emails go into a black hole and are never seen. That’s bad news for the broker and the hauler.
Diesel fuel prices across the United States leveled off during the week ending May 16 after two weeks of significant increases, according to the Department of Energy’s Energy Information Administration.
Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.
Usually more loads and fewer trucks means higher spot rates. But the national average weekly line-haul pricing declined compared to the previous week, according to DAT.
The total number of load posts to DAT MembersEdge rose almost 5% last week, signaling a late-month push by shippers and relatively strong truckload volumes overall.
Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a first quarter earnings call.