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Tropical storms stir up spot market activity along Gulf Coast as shippers reposition freight

Spot truckload freight activity jumped the week of Aug. 17-23 as shippers and logistics companies repositioned freight in anticipation of Marco and Laura, two tropical storms impacting the nation’s Gulf Coast. BEAVERTON, Ore. — Spot truckload freight activity jumped last week, Aug. 17-23, as shippers and logistics companies began to reposition freight ahead of two […]

DAT: Truckload Volume Index increases 2.1% in July

Rates, volumes increase as shippers use the spot market to resolve imbalances in their freight networks. Bucking seasonal trends, the surge continues in spot market rates across all equipment types, according to DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight. The DAT Truckload Volume Index, a measure of dry […]

Trucking Fares Better Than Overall Economy, Experts Say

Getty Images [Ensure you have all the info you need in these unprecedented times. Subscribe now.] The trucking and freight economy appears to be doing better than the overall U.S. economy as fleets adjust to contend with supply chain changes caused by the COVID-19 pandemic. American Trucking Associations Chief Economist Bob Costello said the jobs report, […]

DAT Truckload Volume Index: Spot rates surged across all equipment types in June as economic demand returns

Spot van rates averaged $1.80 per mile nationally in June, up 21 cents compared to May. The rate increase is indicative of a seasonal surge in freight posted on the DAT One load board network. (Courtesy: DAT Solutions) PORTLAND, Ore. — Spot market rates and volumes increased across all equipment types as economic demand returns […]

Trinity Logistics Joins DAT Pilot to Streamline Freight Transactions

PORTLAND, Ore.,— DAT Solutions announced today that Trinity Logistics, one of the industry’s leading third-party logistics providers, is piloting DAT’s truckload rate forecasting tools and automated “Book Now” option for select loads on the DAT Load Board network.The rate forecast and analytics tools will allow Trinity to seamlessly use DAT rate data with internal historical data, […]

Updated: Revenue and losses climb at Uber Freight – FreightWaves – Todd Maiden

Uber Technologies Inc. (NYSE: UBER) second quarter 2019 report probably won’t receive the accolades garnered by its ride-hailing competitor, Lyft (NYSE: LYFT). Uber’s second quarter as a public company saw a loss of $5.2 billion (closer to $1 billion excluding stock-based compensation and one-time driver awards), or $4.72 per share, which was much worse than […]

Author says data harvesting promises new efficiencies for trucking – CCJ – Max Heine| @maxheine

The ability to gather data and find new uses for it is changing marketplaces dramatically, and trucking is no exception, said David Rowan, a keynote speaker Wednesday at Transparency19 in Atlanta. Rowan is editor-at-large and founding editor of Wired magazine’s U.K. edition. He’s recently published a book, “Non-Bullshit Innovation: Radical Ideas from the World’s Smartest […]

How Consolidation and Freight Networks Are Disrupting the Logistics Landscape – Transport Topics

Employees at C.H. Robinson. (Photo courtesy of Steven A. Smith) When financier Brad Jacobs launched his bid to consolidate the logistics industry in 2011, he set into motion a process that continues to reshape the industry today. But now there are other business strategies in play with the potential to disrupt the business and spur […]

FreightTech 25: Echo Global rolling out an updated tool for its LTL business

Echo Global Logistics–number 20 on the FreightTech Top 25 list for 2018–is wrapping up the year by rolling out an update to its EchoShip service targeted at the LTL market. There aren’t many details on the rollout, though Echo Global, one of the largest 3PL companies, provided FreightWaves with a link to a video about […]