A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts, with November’s presidential election further obfuscating the outlook.
An FMCSA report to Congress says the agency lacks the data and authority to do much of anything to combat illegal broker activity.
The freight market continues to be characterized by overcapacity, and with private fleets engaging in spot activity more than in past cycles, spot rates remain only slightly above the late-2023 lows, according to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK report.
The number of loads posted on DAT One decreased by almost 12% to 1.87 million last week, a sign of summer seasonality. The total number of loads was 2% higher year over year. Total truck posts increased 0.7% to 330,208.
According to the latest numbers from DAT One and DAT IQ, load posts on DAT One dipped by 12% and truck posts were virtually unchanged for the week of July 14-20.
Following May, which saw volume gains help to bump up spot truckload rates, the June edition of the DAT Truckload Volume Index, was somewhat different, in that spot truckload rates were up, while the actual number of loads moved headed down, DAT Freight and Analytics recently reported.
Profits and margins at Marten Transport continued to weaken in the second quarter of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.
The National Motor Freight Traffic Association, Inc. (NMFTA™) announced today this year’s Cybersecurity Conference, is set for October 27-29 in Cleveland, OH. As North America’s premier cybersecurity event for the trucking industry, security professionals will have a unique opportunity to learn, network, and gain valuable insights from leading experts and peers.
The trucking market continues to improve, with the Trucking Conditions Index returning to positive territory and Motive declaring an approaching end to the persistent freight recession.
DAT Freight & Analytics has announced the DAT Gear Up event, which automatically upgrades DAT One carrier customers to the next tier up from their existing subscription package for a limited time at no additional cost. The promotion lasts from July 23 to October 23, 2024.