Number of loads posted to DAT’s spot market truckload load board the week ending Feb. 24, down 8.6% from the week before and 59% behind the same week last year to the lowest level since April 2020, according to DAT Solutions.
Much remained the same in the OOIDA Foundation’s January market update. Rates are flat, capacity is loose, operating costs are high and volume/demand is soft, according to the report. Consequently, the overall outlook is still negative.
Shippers, know thyselves. That is the core message to shippers preparing to engage in the Request for Proposal (RFP) process with carriers. A shipper’s instinct can be to look out at the vast landscape of carriers without gazing inward first, but they cannot afford to skip the critical initial step of thoroughly understanding their own profile before negotiating a transportation contract with a carrier.
Ikea's bombshell lawsuit against Convoy, the dead and now back again digital freight brokerage, revealed not only that many carriers remain unpaid by Convoy, but also how much Convoy charged Ikea to run certain lanes.
Status quo procurement strategies aren’t going to cut it anymore. Transportation procurement is changing rapidly, driven by market volatility, evolving consumer expectations, and supply chain disruptions.
Produce season will have a tremendous impact on not just reefer volume, but truckload capacity across the board – and with that, pricing.
Truck posts, load posts, and rates are down year-over-year as the freight market continues to adjust to slow demand and excess capacity.
John Hausladen says a new, comprehensive report about the electrification movement highlights significant issues that must be ironed out.
Not being able to see ahead and predict and plan accordingly is what sometimes plagues many of today’s supply chain companies. Here’s why mitigating supply chain threats is of utmost importance heading into 2024.
The U.S. truck freight market declined in the last three months of 2023 as shipments and spending fell from the third quarter of last year and the fourth quarter of 2022, according to a new report. The market remained soft in January.