Putting upward pressure on delivered produce prices, refrigerated truck rates have soared to nearly $5 per mile in early February, according to a survey by the USDA.
Vaccine requirements on the Canadian border have hiked rates and load posts out of Buffalo, New York.
DAT Freight & Analytics announced an agreement with IHS Market PIERS to add import and export data into DAT iQ’s RateView and Benchmark Analytics reporting.
DAT Freight & Analytics has added new datasets to its DAT iQ platform.
Appointments, promotions, moves and changes in the supply chain sector this week.
New CTO to drive technological innovation through period of accelerated growth.
December’s reading—at 236—was off 3% compared to November, a month which matched October in setting a record for the number of loads moved by motor carriers in a month, according to DAT.
DAT’s Truckload Volume Index was 236, a 3% decline compared to November, when the Index set a record for the number of loads moved by carriers in a month, and was up 18% year-over-year, reflecting strong truckload freight volumes as 2021 came to a close.
Lowell-based carrier J.B. Hunt Transport Services Inc. beat expectations for earnings and revenue for the fourth quarter and 2021 and surpassed $10 billion in annual revenue for the first time amid strong freight demand, rising rates and a tight labor market.
Truck tonnage in December rose a seasonally adjusted 1.4% compared with the same month in 2020 — the fourth consecutive year-over-year gain and the highest measurement since March, American Trucking Associations announced.