Fleet Owner: Latest freight index: The start of recovery?
The latest Freight Transportation Services Index confirms that May is the first month in 2024 to see year-over-year growth in terms of the value and volume of freight moved. This may be the start of many happier months for 2024.
Bloomberg: End of Trucking Recession Finally in Sight as Freight Rates Rise
Trucking executives in the US are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years.
MIT Sloan: Unleashing the Power of AI in Logistics
Artificial intelligence (AI) brings unparalleled new opportunities for logistics and supply chain management. But many organizations remain uncertain about how best to implement AI.
Truck Parts Service: For-hire trucking industry creeps closer to balance
The latest release of ACT’s For-Hire Trucking Index suggests the supply-demand balance between the fleet and freight is narrowing, ACT Research reported Thursday.
Transport Topics: Freight Rate Rebound Timeline Remains Muddy
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.
The Trucker: ACT Research says freight market facing overcapacity; spot rates slightly raised over 2023 lows
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.
American Journal of Transportation: DAT spot rates and load-to-truck ratios, week 29
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.
The Trucker: DAT One load posts dip; truck posts unchanged
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.
Logistics Management: DAT Truckload Volume Index is mixed with spot rates up and volumes down
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.