World Grain: Costly freight keeps rising
The national average spot truckload rates for dry and refrigerated freight jumped to new highs in January, the eighth consecutive month of increases, DAT Freight & Analytics said.
The national average spot truckload rates for dry and refrigerated freight jumped to new highs in January, the eighth consecutive month of increases, DAT Freight & Analytics said.
A provider of technology to help brokers understand appropriate spot pricing has nabbed funding from an array of notable investors, including Tiger Global and Cambridge Capital.
DAT said that the number of loads posted to the DAT One load board network saw a 34.7% increase, from December to January, and were up 104.7% annually.
Shippers are increasingly choosing trucks over railroads because of supply-chain bottlenecks and a need for speed, pushing more freight onto the country’s highways.
Trucks are no longer blocking the US-Canada border, but spot truckload rates in cross-border lanes remain high, and shippers have been warned of the threat of additional disruption.
U.S. cellular providers have started to sunset their 3G networks, beginning with AT&T on Feb. 22.
Another significant increase in diesel prices over the last week have the national average over $4 per gallon for the first time since the week ending March 17, 2014, according to the Department of Energy’s weekly report.
DAT Freight & Analytics, a supporter of the Mid-America Trucking Show (MATS) in Louisville, Kentucky., is the exclusive sponsor of the Friday Night Concert at Freedom Hall, headlined country music star Clay Walker this year.
Putting upward pressure on delivered produce prices, refrigerated truck rates have soared to nearly $5 per mile in early February, according to a survey by the USDA.
Vaccine requirements on the Canadian border have hiked rates and load posts out of Buffalo, New York.