When it comes to the second half of the year, the only thing transportation pros can count on is more volatility. Let’s look at what the rest of 2022 will hold for shippers and movers of truckload freight.
Inflation reached a new 40-year high in June, according to data released Wednesday by the U.S. Bureau of Labor Statistics, with the Consumer Price Index (CPI) soaring to 9.1%.
As the Federal Motor Carrier Safety Administration works toward providing better guidance regarding brokers, OOIDA told the agency it needs to start enforcing regulations already on the books.
The total number of loads on the DAT MembersEdge network fell 12.5% during the week of July 3-9, dropping from 3.05 million to 2.66 million load posts week over week.
High-price freight contracts that were written when carrier capacity was tight and a rush to restock inventories was in full force are losing their shine as slowing demand and a wavering U.S. economy send shipping rates sliding.
Trucking’s spot market is experiencing an accelerating decline as pre-pandemic conditions re-emerge.
Economic forces, consumer demand, seasonality, natural disasters and myriad other factors contribute to transport’s cyclical market.
The total number of spot load posts on DAT MembersEdge slipped 1% during the week of June 19-25 from 3.27 million to 3.24 million posts. While not dramatically different week over week, it’s the lowest weekly total so far this year.
Trucking company Schneider National Inc. is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials.
DAT Freight & Analytics today announced that its DAT iQ truckload freight market analysis and transaction data are now available on the Bloomberg Terminal, an essential source of news, financial data and trading tools for more than 325,000 subscribers.