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.
A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts, with November’s presidential election further obfuscating the outlook.
An FMCSA report to Congress says the agency lacks the data and authority to do much of anything to combat illegal broker activity.
The freight market continues to be characterized by overcapacity, and with private fleets engaging in spot activity more than in past cycles, spot rates remain only slightly above the late-2023 lows, according to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK report.
The number of loads posted on DAT One decreased by almost 12% to 1.87 million last week, a sign of summer seasonality. The total number of loads was 2% higher year over year. Total truck posts increased 0.7% to 330,208.
According to the latest numbers from DAT One and DAT IQ, load posts on DAT One dipped by 12% and truck posts were virtually unchanged for the week of July 14-20.
Following May, which saw volume gains help to bump up spot truckload rates, the June edition of the DAT Truckload Volume Index, was somewhat different, in that spot truckload rates were up, while the actual number of loads moved headed down, DAT Freight and Analytics recently reported.
Profits and margins at Marten Transport continued to weaken in the second quarter of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.