Transport Topics: Spot Market Bounces Back After Thanksgiving Slump
Spot freight volumes fell Thanksgiving week, but they have more than recovered.
Spot freight volumes fell Thanksgiving week, but they have more than recovered.
West Coast truck spot rates remain strong while rates from eastern US ports that had flagged in November rose, sometimes sharply, early this month, according to the latest market data from DAT Freight & Analytics.
Trucking fleets are experiencing heightened demand pressure from ongoing global supply chain issues, US inland transportation backlogs and labor issues.
A number of CEOs are facing logistics challenges that impact both the top and bottom line, all sharing a number of common themes and strategies.
The most recent edition of the DAT Truckload Volume Index (TVI), for the month of October, which was recently released by DAT Freight & Analytics, again set a new all-time high, with the firm observing that truckload prices, at all-time highs, reflect how shippers are willing to pay premium rates to move their freight.
The most recent edition of the DAT Truckload Volume Index (TVI), for the month of October, which was recently released by DAT Freight & Analytics, again set a new all-time high, with the firm observing that truckload prices, at all-time highs, reflect how shippers are willing to pay premium rates to move their freight.
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Prices for truckload services spiked to their highest levels yet in October, reflecting shippers’ willingness to pay a premium to move goods through their supply chains.
Truck tonnage in October posted the strongest year-over-year gain since just before summer, American Trucking Associations announced, as consumers ramped up early spending in anticipation of a busy holiday shopping season.
Two states extend HOS waivers prompted by drought conditions