Spot truckload rates rose in December, and the gap between spot and contract van rates closed to its narrowest point since March 2022 when prices to move truckload freight were near all-time highs, said DAT Freight & Analytics, which operates the DAT One online freight marketplace and DAT iQ data analytics service.
How much do brokers make on the loads you haul? How much do they deserve to make, and can they be trusted to honestly report the numbers?
Being in the truck transportation industry for several decades offers the benefit of perspective. You’re not shocked when yesterday’s hot-button issue seems less important today. Or that best practices from an earlier time may prove detrimental.
With freight demand still weak and rates flagging across all sectors of trucking, shippers are taking a bit of extra leverage into contract talks in early 2024. But many shippers reportedly are hesitant to use their leverage aggressively and are concerned with securing capacity ahead of demand.
Here’s Progressive Forage’s monthly look at factors impacting hay markets in the first quarter of 2024.
How will automation impact logistics in this year of tech and AI automation? What are the positives and negatives we could see? And how this will relate to more business, improved activity management, and overall career health.
Shipper-paid spot truckload rates in the US rose only negligibly in December, climbing an average of 3 cents per mile to $2.26 per mile, according to an analysis of all-inclusive pricing by the Journal of Commerce.
We sit down with OOIDA’s Government Affairs counsel to discuss broker-carrier agreements, what some red flags are and what you should do to keep yourself and your business safe.
In this episode of Freight 360, we start 2024 with Ken Adamo, Chief of Analytics at DAT Freight and Analytics, discussing freight rates and the complexities of broker margins. Ken provides valuable insights into the analytics of trucking operations, highlighting the importance of overarching data in understanding broker margins. We also explore shipper strategies and their impact on carrier relations and industry recovery.