Fleet News Daily: DAT spot rates and load-to-truck ratios, Week 34 2024
Two weeks before the Labor Day holiday and heading into Brake Safety Week, there were moderate declines across the board and little movement in linehaul rates
Two weeks before the Labor Day holiday and heading into Brake Safety Week, there were moderate declines across the board and little movement in linehaul rates
Embedded DAT rate benchmarking unlocks another avenue for GoodShip customers to benchmark their transportation network performance and uncover cost savings.
Uncertainty looms for trucking carriers, shippers, OEMs, suppliers, and others as the 2024 election nears. Industry analysts weigh the potential presidential outcomes and how trucking companies can prepare for change and take advantage of complex opportunities.
The major Canadian rail lockout beginning August 22 may have already moved some freight volume to trucking’s spot market. As the stoppage drags on, more freight will find its way to trucking.
The Canadian rail shutdown began affecting trucking in Canada long before trains stopped running Thursday. Now that the shutdown is here, trucking capacity is coming up short, and it’s increasingly expensive.
The major Canadian rail lockout beginning August 22 may have already moved some freight volume to trucking’s spot market. As the stoppage drags on, more freight will find its way to trucking.
The number of loads posted on DAT One edged 1% lower to 1.67 million last week, which is 11% lower year over year. Truck posts fell 5.5% to 317,457. Compared to Week 33 in 2019 (pre-pandemic conditions), load posts were up 9% and truck posts were down 17%.
DAT's Truckload Volume Index reported that spot truckload freight volumes in July were stable for the second straight month and up more than 10% year over year.
LTL pricing in July had some of its highest year-over-year upticks of 2024.
Freight rates are the lifeblood of the for-hire trucking industry. Determined by supply and demand, rates work differently among trucking segments and between spot and contract freight.