After a wild post-pandemic ride, the spot market is rebalancing, which has shippers looking for lower contract rates while lower spot rates and high fuel prices is likely driving many owner-operators out of business.
DAT Freight & Analytics is launching a new app called DAT One that's designed to make life easier for drivers trying to find loads.
The national average for a gallon of on-highway diesel is below $5 for the first time since early March, according to the latest weekly update from the Department of Energy’s Energy Information Administration.
For shippers, the RFP is an opportunity to manage network costs and enable new business opportunities.
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.