Freight markets are once again feeling the pressure of unpredictability. According to the annual Council of Supply Chain Management Professionals State of Logistics report, businesses must prioritize agility, expand sourcing across multiple countries, and lean into AI-driven innovation.
With uncertainty continuing to shake global trade and freight markets, it may be tempting for trucking and logistics businesses to wait for things to settle down. But the latest State of Logistics report warns that the real danger lies in standing still.
In this episode of Freight 360, we’re joined by Ken Adamo, Chief of Analytics at DAT, and Marcus Womack, CEO and Co-founder of Outgo, to break down the current freight market and DAT’s recent acquisition of Outgo.
Load posts settled 12% lower ahead of Memorial Day weekend
Data from Truckstop and FTR Transportation Intelligence for the week ending May 16 showed expected robust increases in broker-posted spot rates for dry van and refrigerated equipment due to the annual International Roadcheck roadside inspection event.
Outgo co-founder and CEO Marcus Womack said the acquisition "will allow us to continue to develop payment innovations at a greater scale."
Despite recent breakthroughs with China and the United Kingdom, the nation's global trade environment is hostile and forecasts are dim.
The number of posted loads on DAT One jumped to 2.9 million, the highest weekly total for the year and a 28.6% increase compared to the previous week.
Preliminary numbers from ACT Research looking at used Class 8 truck sales show sizable increases in sales in April.
DAT Freight & Analytics, a provider of market trends and data insights for the logistics industry, has acquired a fintech company and factoring service that automates invoice payments and other back-office functions for trucking companies.