Over-abundant truck capacity continues to outstrip shipping demand in the US truckload market, and that’s likely to keep pricing power in the hands of shippers through at least the third quarter if not until early 2025, trucking executives and analysts say.
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.
Most think the unsung heroes of the produce industry are farmers. While that is true, they also include those who deliver our food — and I’m not talking about Instacart or Grubhub.
Last week’s spot market reports found that freight volumes rose sharply after the previous week’s holiday declines. Average rates, meanwhile, began their seasonal declines.
Spot truckload rates rose in June despite declines in the number of loads moved, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.
The world’s largest cold-storage company is heating up the market for public stock offerings.
After falling to a 17-month low during the week ending June 10, diesel prices saw four weeks of increases that totaled a 21-cent jump, all told, on average.
Broker transparency and the enforcement of 49 CFR 371.3, pertaining to records to be kept by brokers and carriers' right to review the record, remain among the hottest debates in trucking, with small carriers and owner-operators demanding visibility from brokers, and big brokers who would rather keep their cards close to their chest.
According to data released recently, the number of loads posted on DAT One increased by almost 66% to 2.13 million last week. That is more than a significant recovery from the 48% drop from the July 4 week.
The trucking industry has experienced some wild fluctuations in the past four years. One of the most telling signs is the number of new carrier registrations reported by the U.S. Department of Transportation (USDOT) since the onset of the COVID-19 pandemic in 2020.