Truckload rates hit new highs and freight volumes remained elevated in July but retreated from June’s record levels, as shippers paid a premium for transportation amid pandemic-related supply chain disruptions.
DAT forecast shows little relief as delayed ships lay anchored off west coast, and chassis trailer shortage deepens.
DAT forecast shows little relief as delayed ships lay anchored off west coast, and chassis trailer shortage deepens.
Despite the challenges of a driver shortage, scrambled supply chains and order backlogs, conditions for making money in trucking have exploded since the lift of spring 2020 COVID-19 pandemic lockdowns. See the data that backs it up from HDT's 2021 Fact Book.
Truckload rates hit new highs and freight volumes remained elevated in July but retreated from June’s record levels Truckload rates hit new highs and freight volumes remained elevated in July but retreated from June’s record levels, as shippers paid a premium for transportation amid pandemic-related supply chain disruptions.
Freight levels moderated in June, but only by a little, according to reports from several sources.
The e-commerce boom catapulted the 3PL market into the spotlight, but implementing automation and employing driver safety and recruitment programs help trucking companies keep on truckin'.
As industries ramp output from increased demand in the second half of 2021, truck freight demand also is expected to rise, according to a trucking industry report.
Paced by a combination of rising truckload volumes, due largely to high levels of retail imports and peak produce shipments, June spot and contract truckload rates reached a new record, for the June edition of the DAT Truckload Volume Index, which was recently released by DAT Freight & analytics, an online marketplace for spot market truckload freight, tuned in another strong month of performance.
Truckload freight volumes hit new highs in June and spot and contract rates stayed in record territory as surging retail imports and peak produce shipments fueled demand for transportation services.