Land Line Now: Spot Market Update
Secretary of Transportation Pete Buttigieg joins the show to talk truck parking from an event in South Dakota dedicated to the issue.
Secretary of Transportation Pete Buttigieg joins the show to talk truck parking from an event in South Dakota dedicated to the issue.
The idea that the trucking industry is facing a severe shortage of drivers has driven the industry from a lucrative boom to a frustrating bust, truckers and industry leaders say.
It was hard to escape the narrative, during the pandemic, that there was a severe shortage of truck drivers who could move goods from one place to another.
As nearshoring efforts continue to ramp up south of the United States border in Mexico, the demand for affordable trucking capacity continues to climb.
While the promise of cooler weather and fall are quickly approaching, moisture conditions continue to determine the availability of winter feed.
In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Dr. Chris Caplice, Chief Scientist at DAT Freight & Analytics.
Though spot rates have ticked up, they’re still running well below 2021, 2022, and the five-year averages for dry van, refrigerated, and flatbed.
Reps from both DAT Freight & Analytics and, now, the Convoy brokerage and its generally open carrier platform describe a fourfold increase in double-brokering complaints around the spot market.
A sharp increase in truckload cargo theft this year has prompted a range of transportation entities to offer solutions to a growing problem that includes nefarious activities such as load board fraud and the physical pilferage of freight.
The lead-in to the holiday weekend had a positive effect on both demand and rates. Robert Rouse of DAT breaks down the numbers for us.