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.
Both truckload volume and capacity for May and the first week of June rose, rates stayed mostly stable, with some analysts saying they've bottomed out in the current cycle.
Truck tonnage in May continued its downward year-over-year trend, dipping 1.3% when measured against the same month in 2022. However, on a month-to-month basis, the index increased a seasonally adjusted 2.4% and the index jumped to 115.4 compared with 112.7 in April.
Are changes to CSA good news or bad news for small motor carriers? What’s required to survive a safety audit? What are the upsides and downsides of using shipper’s load and count?