Truckload volumes bounced back after Thanksgiving as the number of available loads increased 93% during the week ending Dec. 6, said DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight.
Truckload volumes bounced back after Thanksgiving — the number of available loads increased 93% week over week to close out last week, ending Dec. 6.
The freight demand and rates dynamics that have been at work since the economic recovery began in June have held through the usual holiday freight season of September, October and November.
Load board activity declined sharply last week, with carriers, brokers, and shippers taking time off for Thanksgiving. Freight that did move was priced at a premium, with rates rising on most high-traffic lanes.
Overall, reefer load posts down 48% week-over-week but volumes 55% higher compared to this time last year, DAT said
Ken Adamo, chief of analytics for DAT Solutions, said he’s closely watching how vaccine distribution might affect truck capacity. “There’s no historical precedent for the vaccine response to a 100-year pandemic,” he said.
The pandemic has made many aspects of our lives feel upside down this year, and commercial transportation is no exception.
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The OTR truckload driver count is at an eight-year low, and traditional solutions to solving the driver shortage aren’t working. It’s time for all carriers to start investing and innovating in new solutions.
DAT Freight & Analytics, the newest iteration of DAT Solutions and before that Dial-a-Truck, regularly evolves its business as technology and the trucking industry change.