Truck News: Volatile spot market tells the tale of tariff threats
February spot market data has revealed the impact just the threat of U.S.-imposed tariffs has had on cross-border freight, as well as the immediate aftermath.
February spot market data has revealed the impact just the threat of U.S.-imposed tariffs has had on cross-border freight, as well as the immediate aftermath.
In this conversation, Spot Co-founder Andrew Elsener and Dr. Chris Caplice, Executive Director of the Massachusetts Institute of Technology’s Center for Transportation & Logistics and Chief Scientist at DAT Solutions, discuss the evolution of freight transportation, the importance of optimization in RFPs, and the dynamics of market visibility.
Hiring and retaining drivers is uniquely difficult among for-hire, long-haul, truckload carriers. Often dubbed “the driver shortage,” the issue could worsen as freight demand rises.
Driven by a combination of seasonal slowing, winter weather conditions, and ongoing uncertainty regarding tariffs and economic conditions, spot truckload volumes trended down in February, according to the new edition of the DAT Truckload Index, which was issued today by DAT Freight and Analytics.
Spot truckload freight volumes settled lower in February, driven by a mix of seasonal slowing, winter weather and shipper concerns about tariffs and economic volatility.
Here’s a look at factors impacting producers and markets as some forage answers begin to emerge.
On-again, off-again tariffs are dashing hopes for a 2025 freight market upturn. Trump's tariff roller coaster is concerning analysts and threatening trucking's long-awaited rebound.
The flow of goods moving across the US-Canada border shrank last week, but not the cost of moving them, as a trade war between the two neighbors deepened.
DAT appoints a new chief people officer; Kooner FMS names a new chief operating officer; and BeyondTrucks creates Product Advisory Council.
Rates for cross-border trucking to and from the U.S. jumped in the lead up to President Donald Trump's new tariffs on Canada and Mexico, as companies scrambled to accelerate shipments ahead of an expected increase in costs.