Shippers enjoyed savings throughout 2023. As a national average, contract rates for dry van shipments fell 15% from January to November, according to data from DAT iQ. And with the inverted market, shippers were able to use the spot market strategically for deeper savings. Click here to access “Freight Focus,” our annual report reviewing 2023…
There’s no two ways about it: The current market is unsustainable for small carriers. Low rates and high costs spell trouble for any business in any industry, but with the traditionally tight margins associated with operating a motor carrier business, the current climate has many trucking companies operating on a razor’s edge. Click here to…
As we find ourselves in the final phase of a familiar cycle, shippers are currently enjoying a market that tilts in their favor, but the winds of change are on the horizon. Click here to access “Freight Focus,” our annual report reviewing 2023 and looking ahead to 2024 The current landscape: A shippers’ market Almost…
In the ever-changing landscape of transportation procurement, major shippers are abandoning the traditional annual bid approach. Instead, they’re adopting more dynamic strategies to ride pricing waves, balancing flexibility with predictability in the volatile truckload marketplace. Click here to access “Freight Focus,” our annual report reviewing 2023 and looking ahead to 2024 Evolution in strategy Shippers…
Looking back at 2023, the logistics landscape underwent profound shifts, altering the strategies and priorities of brokers across the industry. Here, we’ll delve into the top trends that defined the broker space this year and offer a glimpse into what the future might hold. The state of play The current market scenario is characterized by…
Arial view of heavy truck on a narrow twisting road. Autumn colorful trees by the sides of the road. As we enter 2024, the transportation and logistics sector is undergoing a profound transformation, driven by an analytics revolution and marked by unprecedented market dynamics. Click here to access “Freight Focus,” our annual report reviewing 2023…
The rate of long-haul carriers exiting the industry slowed in November following the exodus reported by the FMCSA in October. As has been the case over the last few years, whenever there is a significant surge in diesel prices, carrier exits accelerate in the ensuing weeks as the cash flow crunch hits. The third-highest number…
On a recent DAT iQ show, we spoke to commercial warehouse and economics expert Ibrahiim Bayaan from Nuveen about the 2024 outlook for trucking. The complete version of the show can be found here. Get the clearest, most accurate view of the truckload marketplace with data from DAT iQ. Tune into DAT iQ Live, live…
The November Logistics Managers Index (LMI) dipped into mild contraction territory following a 7.1 drop to 49.4 following three months of expansion. November’s dip was largely triggered by a decline in inventory levels (-9.1), attributable to fourth-quarter holiday sales. After a noticeable absence, just-in-time shipping appeared this holiday season because a lot of freight moved…
Winter and citrus fruits are paradoxical, but here we are in peak season for oranges, grapefruits, tangerines, clementines, lemons, and limes as winter grips much of the nation. According to the USDA, truckload shipments of citrus fruits peak in November in California and Florida, accounting for 94% of domestic citrus production and 64% of total…