Spot market rates and volumes increased across all equipment types as economic demand returns to seasonal trends, according to DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight.
The road to recovery for US shippers will likely look more like a mountain switchback than a sharp incline in the second half of 2020.
As rates rise, shippers search for better ways to manage cyclical pricing.
DAT Solutions has brought together a number of different trucking tools into one, easy-to-use, mobile app, according to the company.
Frustration over spot freight rates bottoming out due to the COVID-19 pandemic drew more than 100 small-business owner-operators to Washington, D.C., for a “May Day” protest that lasted for three weeks.
DAT recently acquired the Freight Market Intelligence Consortium from Chainalytics, combining our existing real-time spot market analytics and insights with FMIC’s world-class intelligence and rate modeling for the contract freight market.
After slowing the previous week, the number of posted loads increased 15.6%, and spot van and refrigerated rates recovered their momentum, said DAT Solutions, which operates the industry’s largest load board network.
Portland, Ore.-based DAT Freight and Analytics said its Truckload Volume Index released June 12 showed “truckload freight volumes recovered to pre-COVID levels and largely returned to seasonal patterns in the second half of the month.”
Editor-in-chief Marina Mayer talks with Ken Adamo, chief of analytics for DAT Solutions, about the current state of freight and transportation amid the COVID-19 pandemic.
Editor-in-chief Marina Mayer talks with Ken Adamo, chief of analytics for DAT Solutions, about the current state of the freight and transportation industry.