Chad Kennedy, Group Product Manager for DAT Freight & Analytics, provided an overview of various issues and themes his compamy addresses for its customers on a daily basis, including: the keys to sound RFP management; current market trends and dynamics; and what steps shippers can take to tighten up costs or secure reliable capacity before the market turns again, among others.
A slight increase in hay acreage and yield-boosting moisture conditions in some regions provide hope for increased forage production in 2023.
Overall, rate movements have aligned with the forecast we released in October 2022. Although the market experienced more volatility than expected during the 2022 holiday season and early January 2023, conditions have fallen in line with where we projected they would be late in Q1 2023.
Excess capacity in the spot market amid weakening demand has raised uncertainty over whether rates have actually hit bottom.
Amid high diesel prices and historic inflation, experts with load board operator Truckstop offer advice on how to negotiate the best rates from brokers at 2023's Mid-America Trucking Show.
Education has become an important and growing part of the Mid-America Trucking Show. As part of that, OOIDA brought a section of its Truck to Success course covering brokers, led by Gary Wright of OOIDA’s Business Services Department.
With the freight market bottoming out, and rates from many brokers on popular load boards like DAT looking increasingly unpleasant to owner-operators, it's never been more important to work relationships with brokers, impress upon them your reliable service, and ultimately secure better rates.
All smart CPG and food and beverage shippers know that seasonal cycles are a critical consideration when building their carrier network strategy, however it’s just as important to consider how broader market cycles impact planning.
A slowing manufacturing sector is starting to put a dent in U.S. diesel demand, traders and fuel experts said this week, helping rebuild stocks that were extremely tight a year ago and cooling fuel prices.
Instead of viewing spot as “a four-letter bad word,” Shelley Simpson says customers should take advantage of dynamic pricing for their “unpredictable loads.”