Freight Caviar: Stagnation in Spot Market: A Logistic Challenge
Spot market faces a stagnant bottom due to lack of consistent trends. While there are some rate upticks, major surge in rates seems unlikely without a significant market shift.
Spot market faces a stagnant bottom due to lack of consistent trends. While there are some rate upticks, major surge in rates seems unlikely without a significant market shift.
One of America’s largest trucking companies may be near bankruptcy, and it’s suing the union that counts more than 80 percent of its employees as members.
A truck driver in New York is being applauded after he maneuvered his truck to stop a fleeing suspect who had shot a state trooper.
DAT load board users can now calculate the expected profits and losses of loads by entering their business expenses into the application. Company leadership says carriers can work out their daily operating costs in a matter of minutes.
Despite the challenges, consumer spending could help the market this summer, one executive said.
DAT Freight & Analytics announced the Profit Estimator tool, designed to help carriers on the DAT One marketplace determine how profitable a load can be based on their own operating costs and goals.
Phillips Connect has assembled four powerful Internet of Trailers (IoT) kits, allowing fleets of all sizes to seamlessly convert to smart trailers.
“We are on track for a record contraction in labor capacity this year, which is key to the bottoming process,” senior analyst Tim Denoyer said in a statement.
Each of the experts in most industries has their method of interpreting the economic “tea leaves.” However, by the end of May a common theme was emerging.
Forecast by ACT Research and other reports from DAT Freight & Analytics and FTR Transportation Intelligence still show slow markets, but an upside might be around the corner.