Canadian truckers are struggling to make payments on their rigs as fuel prices rise and freight rates tumble, forcing banks to declare tens of millions of dollars' worth of bad loans.
DAT Freight & Analytics recently named Jeff Clementz as CEO. Clementz joined DAT in 2023 as chief product officer, a role he will oversee until a new CPO has been hired.
Canadian truckers are struggling to make payments on their rigs as fuel prices rise and freight rates tumble, forcing banks to declare tens of millions of dollars' worth of bad loans.
Average rate per mile under contract for truckload van transport across the U.S. in the first half of June, down three cents from May and 5.5% below the year-ago level, according to DAT Solutions.
With an overabundance of freight-hauling capacity, weak rates and higher operating costs all contributing to a challenging market for trucking companies, fleet operators have been increasing efficiency, embracing technology and collaborating with shippers to survive.
The US truckload spot market may finally be “on the cusp” of a long-awaited inflection point, with a national average rate rising fractionally on a year-over-year basis for the first time in 27 months, according to DAT Freight & Analytics.
Spot-market volumes hit all-time highs in May for vans, reefers, yet rates lag.
Volume gains in May helped to drive up spot truckload rates in May, according to the new edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics.
Spot truckload rates bounced higher in May as shippers sought capacity to move greater volumes of van and refrigerated freight, according to data released by DAT Freight & Analytics.
Spot truckload rates bounced higher in May as shippers sought capacity to move greater volumes of van and refrigerated freight, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service.