What are truck and trailer orders telling us about overall freight conditions? ACT Research has noted a few trends: vocational demand is driving Class 8 orders, and trailer demand has been decent the last couple months but cancellations remain elevated.
We’re seeing positive momentum on the federal level when it comes to awareness of the truck parking problem. But what about action?
Leaders from Ryder System and Schneider National expressed optimism that the market could turn around this quarter or in early 2024.
For years, the global supply chain was treated like a stagehand in a theater — absolutely essential for a smooth performance but hidden from the audience.
Truckload freight brokers that anticipate higher rates next spring are urging shippers to lock in contractual rates in the first quarter because they might be the lowest rates of the year. But other brokers, and shippers, aren’t clear about when rates may rise and by how much.
Shipping giant Maersk announced it’s cutting 10,000 jobs as it sees softening demand. And FedEx is telling some of its pilots to go fly for American Airlines as demand for its air cargo flights dips.
We’re starting to see seasonal changes in the spot market with an increase in load volume. We’ll get the latest details from DAT on today’s Market Update.
We know that fraud in the freight broker world has reached an all-time high. This week, we’re joined by Satish Maripuri. He is the CEO & President of DAT Freight & Analytics as well as a Group Executive at Roper Technologies.
The U.S. Department of Transportation has convened an interagency working group, led by the Bureau of Transportation Statistics, to develop timely information on supply chain activity. The working group includes relevant DOT modes and the U.S. Departments of Agriculture, Energy, Commerce and Labor.
Decline from September to October in available loads posted on the truckload van spot market, while posts for available trucks increased 14.1% from month to month, according to DAT Solutions.