According to Wells Fargo’s Chief Agricultural Economist Michael Swanson, Midwest and Southwest reefer volumes in the frozen food category are being impacted by the “smallest beef herd in decades” due to prolonged drought in essential cattle-ranching states like Texas and Kansas. Drought conditions have regularly occurred in many beef-producing areas, but a prolonged drought in…
Mature businessman working on a laptop. He is sitting at a desk looking serious. He is wearing a tie. Increased freight demand, market volatility and supply chain disruptions over the past two years have created freight market imbalances that forced shippers to enter the spot market in droves. Freight contracts resulting from annual RFP events…
With a transportation market turn on the horizon, supply chains will be a key area of emphasis for executive leaders in 2024. The urgency is high after pandemic-driven disruptions revealed the fragmented state of the U.S. supply chain and the ramifications of lacking resilience. From steep financial losses to brand reputational damage, lessons learned during…
Two important factors of any broker-carrier relationship are trust and familiarity – brokers desire to work with carriers they know to be reliable. Freight matching with trusted carriers allows brokers to spend more time cultivating a robust carrier base and move more freight for their customers. When brokers moved from DAT Power to DAT One,…
With gratitude for your service to America today and every day, DAT Freight & Analytics wishes all veterans a Happy Veteran’s Day. George Marshall, Secretary of State under President Harry Truman, said: “The soldier’s heart, the soldier’s spirit, the soldier’s soul, are everything.” We honor that sentiment and the men and women who inspired it…
Protecting yourself from fraud is more important than ever. Fraud is a changing and complex topic, but we believe in making things simple. We’ve distilled basic fraud protection down to four key areas: Know your customer: We’ll walk you through the steps to ensure you know exactly who you’re interacting with, reducing the risk of…
Futuristic HUD digital graph interface over blurry dark blue background. Concept of stock market and trading. 3d rendering double exposure The holiday season is just around the corner and for freight brokers, that means one thing: it’s about to get busy. As the demand for goods surges during this time of year, freight brokers play…
The American Trucking Association’s seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 1.1% in September after increasing by 0.2% in August. Compared with September 2022, the SA index fell 4.1%, the seventh straight year-over-year (y/y) decrease and the largest over that period. “After hitting bottom in April, tonnage increased in three of the previous four…
My local farmstand proprietor in New England told me last week he had considered not selling Christmas trees this year due to recent drought conditions and the substantial impact on cash flow. In this case, the business owners had to place their 2023 order of trees in August and pay in complete, causing an enormous…
There was some positive news for flatbed demand from the American Iron and Steel Institute (AISI) last week – raw steel production increased by 0.2% w/w and was up 3.8% compared to the same period in 2022. That news fell somewhat flat compared to prior years, including 2018, when flatbed demand came off a robust…