Fleet Owner: How freight volumes, rates fared in May
Monthly market reports show optimistic conditions for May. ATA and DAT report freight volumes are finally up year over year for most segments.
Monthly market reports show optimistic conditions for May. ATA and DAT report freight volumes are finally up year over year for most segments.
This week, Bestpass-Fleetworthy appointed Jason Moos as its new chief financial officer, and Jeff Clementz was named DAT Freight & Analytics’ chief executive officer, while the company’s chief financial officer, Tony Salazar, took on expanded responsibilities as chief operating officer.
Citing global and domestic concerns and crises, US importers are pulling orders forward to bring containerized freight into the US as early as possible, an international logistics executive said during a press briefing in Washington, DC, this week.
“Stronger van and reefer volumes are consistent with May, when shippers move seasonal produce and retail goods and truckload capacity tightens due to the Roadcheck inspection event and Memorial Day holiday,” DAT’s analytics chief reports.
Food Chain Digest, the official magazine of the Food Shippers of America (FSA), has announced the recipients of the 2024 “Top Food Chain Technology” list. This annual program recognizes exceptional technologies in food transportation, logistics, distribution, and supply chain management.
Canadian truckers are struggling to make payments on their rigs as fuel prices rise and freight rates tumble, forcing banks to declare tens of millions of dollars' worth of bad loans.
DAT Freight & Analytics recently named Jeff Clementz as CEO. Clementz joined DAT in 2023 as chief product officer, a role he will oversee until a new CPO has been hired.
Canadian truckers are struggling to make payments on their rigs as fuel prices rise and freight rates tumble, forcing banks to declare tens of millions of dollars' worth of bad loans.
Average rate per mile under contract for truckload van transport across the U.S. in the first half of June, down three cents from May and 5.5% below the year-ago level, according to DAT Solutions.
With an overabundance of freight-hauling capacity, weak rates and higher operating costs all contributing to a challenging market for trucking companies, fleet operators have been increasing efficiency, embracing technology and collaborating with shippers to survive.