Truckload freight volumes and rates continued on divergent paths in August, with shipments rising and prices falling for the third straight month, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.
The total number of loads posted on DAT One rose 6.9% to 1.62 million last week, while truck posts increased
The current trucking market appears to have the trappings of a more normal cycle similar to the on in 2013-2017.
A long-distance truckload Producer Price Index inched its way into positive territory in August, reversing a nearly two-year-long trend and providing another sign that change from a prolonged freight downcycle may be in store.
With the peak shipping season under way and the holidays fast approaching, trucking and logistics companies will remain busy with higher levels of demand in the coming months. Unfortunately, this period is often accompanied by a rise in crime.
With the peak shipping season under way and the holidays fast approaching, trucking and logistics companies will remain busy with higher levels of demand in the coming months. Unfortunately, this period is often accompanied by a rise in crime.
Fleet executives speaking at FTR’s annual Transportation Conference are not anticipating an imminent turnaround in freight conditions, and are instead turning focus inward to ensure they’re ready to return to growth when market conditions do eventually improve.
As cargo from Southern California ports moves further inland, demand for trucks and intermodal rail capacity is surging in the region, driving up prices across all modes of surface transportation.
The US truckload spot market is heating up as summer ends, with load volumes increasing as the peak pre-holiday shipping season for trucking gets underway. That’s tightening capacity and load-to-truck ratios in certain inland distribution markets, although not universally.
Danny Ramon of Overhaul joins Land Line Now to talk about new trends taking shape in cargo theft and to offer updates on what’s being done.