The U.S. truck freight market declined in the last three months of 2023 as shipments and spending fell from the third quarter of last year and the fourth quarter of 2022, according to a new report. The market remained soft in January.
US truckload carriers are attempting to draw a line in annual contract pricing talks with shippers, but some of those shippers are willing to cross that line — or at least smudge it — to gain lower rates.
Overcapacity is still lingering as carriers seek to maintain market share, according to DAT.
The cold chain is one of the fastest-growing sectors in supply chain logistics. Since 2019, frozen food sales have increased by 34%.
The new edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics, noted that spot freight volumes rose to all-time highs, for the month of January, driven by what it described as a weather-related bump in demand for truckload capacity.
Fleets and brokers see their drop-and-hook programs as a competitive advantage that gives shippers what they want.
A weather-related bump in demand for truckload capacity pushed spot freight volumes to all-time highs for January, according to a report from DAT Freight & Analytics.
A weather-related bump in demand for truckload capacity pushed spot freight volumes to all-time highs for January, reported DAT Freight & Analytics.
Consolidation in the digital freight sector is turning into an opportunity for some operators.
Large US truckload providers are responding to sustained low freight demand by reducing their available capacity regardless of how many smaller companies are leaving the market, the latest reading from the Journal of Commerce Truckload Capacity Index shows.