Head Topics: Economic growth likely was solid to start the year, but that could end the good news for a while
The U.S. economy likely grew at a solid pace to start the year, though things are likely to get worse before they get better.
The U.S. economy likely grew at a solid pace to start the year, though things are likely to get worse before they get better.
Firm forecasts gradual deterioration of shippers’ advantage over transportation providers in 2024.
Shippers are continuing to enjoy a “mostly favorable and stable” market for sending freight, as the trucking sector has produced another month near the bottom of a cycle, according to the latest analysis from transportation analyst firm FTR.
Freight fraud is spreading across trucking networks as tech-savvy operators impersonating middlemen skim off payments for shipping goods that can total thousands of dollars, industry executives say.
U.S. Rep. Kevin Kiley has expressed strong reservations about Julie Su’s nomination for labor secretary, and he hasn’t changed his mind.
The DAT Truckload Volume Index (TVI) increased for all three equipment types for the first time since July 2022, but national average spot van and refrigerated (“reefer”) rates plunged to two-and-half-year lows in March, said DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.
Despite rising demand from swelling truck freight volume, national average spot van and refrigerated truck rates plunged to two-and-half-year lows in March, according to a report from DAT Freight & Analytics.
Beaverton, Ore.-based trucking intelligence firm DAT Freight & Analytics reports that refrigerated spot truckload rates dropped to a two-and-half-year low in March.
Last year, record-high diesel prices squeezed margins at logistics companies across the country but as those rates have fallen a new challenge has emerged: low demand.
Despite rising demand from swelling truck freight volume, national average spot van and refrigerated truck rates plunged to two-and-half-year lows in March, according to a report from DAT Freight & Analytics.