Commercial Carrier Journal: Fall off in freight and rates prompts layoffs as trucks sit idle
The U.S. economy posted its worst employment numbers in more than a decade in March, a record that is likely to stand for only a month.
The U.S. economy posted its worst employment numbers in more than a decade in March, a record that is likely to stand for only a month.
Companies aim to help independents and small carriers comply with the ELD mandate, which goes into effect this December.
Digital freight load board DAT Solutions on April 6 announced Schneider Logistics Services joined a pilot program to evaluate emerging tools to better forecast truckload freight rates.
"Things are running out because people are hoarding," Sova told NBC News. "On behalf of American truckers, slow down, people. Just get enough for a few days for your family. Another truck is coming. We're coming. The truckers are coming, people!"
Research from companies that track trucking data suggests that while the spot rate market amid the COVID-19 crisis may be settling, the long-term effects of this steadying could be good for the industry.
New pricing tools and data sources are helping freight brokers and carriers negotiate rates for spot and contract freight using predictive intelligence.
25.4% Decline in loads posted to the truckload spot market the week ending March 29 from the week before, according to DAT Solutions LLC.
Technology and data are at the forefront of how fleets share lanes and reduce empty miles on the road.
Technology and data are at the forefront of how fleets share lanes and reduce empty miles on the road.
Technology and data are at the forefront of how fleets share lanes and reduce empty miles on the road.