Truckload volume surged and spot and contract freight rates hit new highs in August as logistics managers stare down their most challenging peak shipping season yet.
DAT Freight & Analytics today announced that Loadsure, the pay-as-you-go, all-risk digital insurance solution, is now available to brokers, shippers and motor carriers on the DAT network, the industry’s largest marketplace for spot truckload freight.
Truckload rates hit new highs and freight volumes remained elevated in July but retreated from June’s record levels, as shippers paid a premium for transportation amid pandemic-related supply chain disruptions.
Truckload freight volumes hit new highs in June and spot and contract rates stayed in record territory as surging retail imports and peak produce shipments fueled demand for transportation services, according to DAT Freight & Analytics, operator of the largest truckload freight marketplace in North America.
Spot truckload freight rates hit record highs in May despite a month-over-month decline in volume, a sign that transportation networks are not growing fast enough to keep up with consumer demand.
DAT Freight & Analytics, North America’s largest marketplace for truckload freight, and FourKites®, the leading real-time supply chain visibility platform in the world, today announced a strategic partnership that will bring real-time, end-to-end supply chain visibility to the DAT network.
Truckload freight activity declined last month but April was still the second busiest month on record for shippers, freight brokers and motor carriers, said DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.
Shippers feel additional urgency to meet delivery schedules after a difficult February
The new feature accelerates and streamlines bidding on complex RFPs by combining industry standard rate histories with the most accurate price forecasts available
Supply & Demand Chain Executive, the only publication covering the entire global supply chain, today named Ken Adamo, DAT Chief of Analytics, to its list of “Pros to Know” for 2021.