Fleet Owner: 2024 won’t get much worse for trucking, analyst says
While trucking faced a challenging year in 2023, an industry-leading analyst says the good news is the market probably won’t get worse in 2024.
While trucking faced a challenging year in 2023, an industry-leading analyst says the good news is the market probably won’t get worse in 2024.
ACT Research recently came out with data on the trucking industry and the inventory cycle. This information can provide a glance into what the next few months of 2024 might look like.
Here is how you can start using DAT One load board to book more loads for your box truck business in 2024. Get your popcorn and notepad ready. Or add this video to your favorites.
Horticulture is demanding logistically compared to other types of freight, as hauling plants or supplies is different from moving a load of dish soap or t-shirts. Multi-stop routes and special handling requirements present unique challenges alongside broader concerns like finding qualified drivers, note industry onlookers.
Leading real-time supply chain visibility provider FourKites today published its global Premier Carrier List (PCL), recognizing the growing community of brokers, carriers and 3PLs who are achieving the highest standards of visibility-related operational excellence across all modes of transport.
As the trucking industry navigates through a prolonged down cycle, the latest data from DAT Freight and Analytics reveals a significant drop in load posts on its platform, marking a challenging period for carriers.
The trucking spot market has remained in a down cycle for more than a year as the number of trucks and drivers diminished — albeit at a slower rate than the decline in overall freight demand.
Load-to-truck ratios are approaching an all-time low. We’ll speak with Robert Rouse of DAT about similarities between now and how things looked during the pandemic.
Number of loads posted to DAT’s spot market truckload load board the week ending Feb. 24, down 8.6% from the week before and 59% behind the same week last year to the lowest level since April 2020, according to DAT Solutions.
Much remained the same in the OOIDA Foundation’s January market update. Rates are flat, capacity is loose, operating costs are high and volume/demand is soft, according to the report. Consequently, the overall outlook is still negative.