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.
Truckload freight volumes declined for the third straight month in May, and the average rate to move dry van freight on the spot market dipped.
Truck tonnage jumped 3.7% in May compared with year-ago levels, marking the ninth consecutive year-over-year gain and the largest since April 2021, American Trucking Associations announced.
Solving the truck parking crisis is going to take a concerted effort on all fronts. Scott Thompson talks with the executive director of the I-81 Corridor Coalition about an upcoming roundtable event that will focus solely on the truck parking problem there.
Hurricane season officially starts this week, and with it comes challenges for the trucking industry with each new storm.