US trucking companies increased hiring in November, adding 2,100 jobs to non-seasonally adjusted payrolls after two months of declining employment.
The trucking industry is slowly rebalancing as the mismatch between freight demand and capacity returns to normal, according to experts.
The shortfall is affecting regions in Idaho and Washington that produce staples like potatoes and dry onions, according to the U.S. Agriculture Department.
The NRFA’s Glyn Castanelli is preparing to intensify calls for HVNL reform ahead of the NRFA Conference in Brisbane next year
Freight brokers deploying generative AI (GenAI) are creating a path to eventually remove people from tasks where they don’t necessarily belong.
Relative to the busy week before, truck and load posts on the DAT One marketplace fell sharply during Thanksgiving week.
Data recently issued on the DAT One network provided to LM by DAT Freight & Analytics mostly pointed to declining metrics for truckload spot market load posts, for the week of Thanksgiving, from November 24-30.
The number of trucks on the DAT One marketplace fell 10.3% to 306,216 compared to Week 46. At 1.86 million, the number of loads posted on the network was 10.5% higher, led by a 15.2% jump in van load posts.
Shippers are still benefiting from a discount in the spot market of 8.7% below contract rates, DAT Group Product Manager Chad Kennedy said.
For-hire rates and volumes continued to improve in October, again suggesting the freight recession is ending. Spot rates showed greater improvements than contract rates.