We begin 2024 with mostly good news. While December marked a softening of Canadian spot market freight volumes, in the U.S. spot market rates are rising and closing the gap with contract rates. That’s vital if we’re to see a recovery of the spot market, DAT Freight & Analytics reported.
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.
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.
The December edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics, highlighted what the company described as the most significant narrowing in the gap between spot and contract van rates, going back to March 2022, a period when truckload prices nearly were at their highest point ever.
DAT Freight & Analytics today introduced two new leaders for its product and security organizations.
Charles Sperry of the OOIDA Foundation discusses artificial intelligence and other topics from a recent meeting of the Transportation Research Board.
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.