The overall economy is performing better than many people think, but overcapacity in the trucking industry is still keeping freight rates from rising, according to FTR transportation analysts. Find out why they think we'll start seeing a slow improvement.
Trucking is still suffering from the overcapacity hangover that developed in the wake of the Covid-19 pandemic boom, but some major truckload fleets are refusing to lower rates any further. Are there green shoots indicating a freight market recovery on the horizon?
Optimal Dynamics is using artificial intelligence to help truckload carriers make better decisions and has added features to help optimize EDI tender acceptance, bidding workflow, and dispatching.
As the U.S. economy stuttered along in 2023 toward a hoped-for “soft landing,” trucking struggled. But many economic and trucking industry analysts believe 2024 is looking up.
DAT Analytics reports a good November for truckload freight volumes driven by a post-Thanksgiving surge.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in September after rising 0.2% in August. In September, the index equaled 113.9 (2015 = 100) compared with 115.2 in August.
The latest release of ACT’s For-Hire Trucking Index shows continued improvement in freight volumes, pricing, and driver availability. This month’s reading still shows a gradually improving volume trend.
If the pandemic-triggered boom times were the party, what we’ve been experiencing for the past year is the hangover, said Bob Costello, American Trucking Associations chief economist, in a session at ATA’s management conference in Austin this week.
Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated loads retreated from their gains in June, reported DAT Freight & Analytics.
LTL carriers buffeted by headwinds consider new approaches to pricing and profits.
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