Turvo, provider of the world's leading collaboration application designed for the supply chain, and DAT Freight & Analytics, the largest truckload freight marketplace in North America, formally announce their strategic partnership to take freight matching and supply chain orchestration to the next level for freight brokers, 3PLs, shippers and carriers.
After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown.
Higher operating costs, more volatile market cycles and a shift from West Coast ports are characteristics of the post-pandemic freight market, according to an industry analyst.
The nation's largest rail union, SMART Transportation Division, declined Monday a contract proposal in part brokered by the White House, putting the potential of a national railroad strike back on the table next month.
Even as freight demand has been strong, carriers can blame diesel as the culprit for a significant increase in their operational costs.
Parade has partnered with DAT Freight & Analytics to power Parade’s capacity-based freight pricing tool, Advantage.
Describing global supply chains as “volatile” for the last two years is an understatement. Bottlenecks, inventory imbalances and soaring costs contributed to industries and consumers worldwide experiencing negative ripple effects.
The DAT Truckload Volume Index (TVI) declined for all three equipment types in September, indicating a muted shipping season ahead.
The September edition of the DAT Truckload Volume Index (TVI), which was issued late last week by DAT Freight & Analytics, pointed to rate and volume declines, in advance of the holiday season.
The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays.