Load board operator DAT Solutions reported its Sept. 15 total spot rate is $2.15 per mile for average van rates nationally, down from June’s all-time high of $2.31 a mile. At the end of September 2017, the rate was $1.97 a mile.
"There is enough pressure from the economy to continue to push rates higher but at a more moderate pace going forward," said DAT industry analyst Mark Montague.
Trucks are rushing into the region to restock store shelves, but Peggy Dorf, a freight and logistics market analyst for DAT Solutions, says they won't be for much longer. "As soon as a storm is about to hit, all traffic stops in and out of the area u
"Anecdotally we've heard from at least two sources that pricing is in such flux that it doesn't make sense to sit down and negotiate a one-year agreement, so they're going to shorter agreements right now," said Mark Montague, industry pricing analyst
Desiree Wood, who is a one-woman trucking company, uses an app that shows drivers where the pay is best in the United States.
U.S. freight brokers experienced a solid second quarter as load volumes surged to record highs and net operating profit jumped, according to a survey published today of 100 decent-sized brokers by spot market load board operator DAT Solutions, LLC.
In 1970s films like “Duel” and “Smokey and the Bandit”, truckers are outlaws. If that was ever close to the truth, it is now a highway’s length from it.
More companies are pointing to rising freight costs as a drag on earnings and growth, as trucking companies raise rates at a historic pace and one says finding trucks is getting ‘ugly’.
Other industries, particularly construction and energy, are attracting the sort of blue-collar workers who would normally go into truck driving, according to Mark Montague, senior industry pricing analyst at DAT Solutions. Those jobs have better pay
Spot rates rose in June due to the need for trucks but the first half of July was equally strong, said Peggy Dorf, market analyst at load board operator DAT Solutions.