The routing guide is the manifestation of a shipper's transportation strategy and a rough estimate of its budget for the upcoming year. It connects the annual bid with actual load tendering within a TMS, and strategically allocates and assigns each shipment to the appropriate carrier.
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.
Truckload freight volumes reached new heights last month as surging retail imports and peak produce shipments drove demand for transportation services.
$3.09: Average cost per mile for refrigerated transport in the truckload spot market so far in May, up about 20% since February and the highest price on record, according to DAT Solutions.
DAT Freight & Analytics, which operates the industry's largest load board for truckload freight, has seen record levels of load posts on the Los Angeles spot market.
$2.93: Average rate per mile for flatbed truck transport on the U.S. spot market in the first three weeks of April, up 44 cents, or 17.7%, since January, according to DAT Solutions.
Average spot rates for refrigerated transport rose 5.8% from April to May, according to DAT Solutions, which says the ratio of loads to trucks rose more than 30% over that period.
As restaurants begin to reopen and regulations around social gatherings are relaxed, DAT Freight & Analytics expects freight volumes to make a big comeback this summer.
It's common for spot rates to dip after Memorial Day and then take off again prior to July 4, but this year, DAT reports that spot truckload prices remained stable.
Spot truckload volumes rose 13% last week as freight activity returned to more typical levels following a holiday-shortened workweek, reported DAT Freight & Analytics, which operates the industry’s largest load board network and freight data analytics service. The number of trucks posted to the DAT network increased 15% compared to the previous week, which included Memorial Day.