Journal of Commerce: Rising US truck spot rates likely to flatten in early July: DAT
Business reopenings and produce harvests are pumping more freight into the US truckload spot market, raising spot rates from low points hit in April and May.
Business reopenings and produce harvests are pumping more freight into the US truckload spot market, raising spot rates from low points hit in April and May.
The acquisition further extends DAT’s position as the leader in market and pricing intelligence, with $118 billion worth of global shipment data across multiple transportation modes that include truckload, less-than-truckload and ocean freight.
DAT Solutions, the largest freight-matching load board operator in the US truckload spot market, is expanding its data analysis business and the services it offers shippers by acquiring the Freight Market Intelligence Consortium (FMIC) from supply ch
DAT Solutions has named Nadya Duke Boone Vice President, Product, reporting to CEO and President Claude Pumilia.
DAT Solutions has reached a deal to acquire the Freight Market Intelligence Consortium, a subscription-based benchmarking and analysis service, DAT announced June 1.
Recovering air travel, hotel bookings and mortgage applications are among the early signs the U.S. economy is slowly creeping back to life
According to the Bureau of Labor Statistics the truck transportation sector had 1,523,900 employees as of March. In April, that figure dropped to 1,435,600.
DAT Solutions has launched three new products to help truckload carriers and brokers manage some of the uncertainty in the freight business.
Demand for trucking cratered in April. DAT's load-to-truck ratio, a measure of demand, was down 32% year over year (YoY) for vans, down 33% YoY for reefers and down 72% YoY for flatbeds.
“The pendulum swings both ways,” said Ken Adamo, chief of analytics at DAT. For instance, he said, the sudden deluge of loads in early March — freight like bottled water, toilet paper and refrigerated foods — caused rates to spike on the spot market