Shippers of grain, food and other products expect to face better prospects for logistics in 2023, hoping much of the COVID-induced issues are in the past, as well as a nationwide strike by railroad workers that was averted by legislative action.
Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.
Shippers of grain, food and other products expect to face better prospects for logistics in 2023, hoping much of the COVID-induced issues are in the past as well as a nationwide strike by railroad workers that was averted by legislative action.
A little glimmer of Christmas hope in the spot truckload data. The DAT Top 50 Lanes shows truckload spot rates are up 0.5% month over month.
One of the biggest problems in trucking is the way some shippers, receivers, brokers and others coerce truckers into situations where they end up violating the regulations.
Shippers turned to the spot market in the latter half of November to reduce the risk of disruptions, but rates continued their months long slide, according to a new DAT Freight & Analytics report on the month.
Economic forces, consumer demand, seasonality, natural disasters and myriad other factors contribute to transport’s cyclical market.
Marty Ellis is hauling the OOIDA tour trailer some 120 miles from Columbia, S.C., to Spartanburg, S.C.
Transitioning a trucking or logistics enterprise to a virtual work environment was not an overnight process, but as companies gained momentum they also found ways to scale their operations to maximize efficiencies.
Truckload volumes on the spot market were lower overall but showed relative strength during the latter half of November, said DAT Freight & Analytics, which operates the DAT One truckload freight marketplace and the DAT iQ data analytics service.