Portrait of an African American female truck driver, viewed from the outside of her commercial truck. Smart businesses take advantage of every opportunity. They act proactively because more opportunities means more business. If you could guarantee you had more opportunities to grow and scale, wouldn’t you? DAT One offers 2.5x as many opportunities as the…
“Don’t bet against LA,” was the message from Port of Los Angeles Executive Director Gene Seroka following the steep decline in imports, according to the AJOT. A softening in consumer demand, a loss of cargo to East and Gulf coast ports, and the stalled dockworker contract negotiations between the International Longshore and Warehouse Union (ILWU)…
On a recent DAT Freight & Analytics iQ show, Dustin Jalbert from Fastmarkets discussed the 2023 economic outlook for the lumber and housing construction industry. Here’s part of the interview with Ken Adamo, Chief of Analytics, and Dean Croke, Principal Market Analyst. Dean Croke: Flatbed and dry van carriers have benefited substantially from the housing…
Tyson Foods, Inc. (TSN), one of the world’s largest food companies and a recognized leader in protein with brands including Tyson, Jimmy Dean, and Ball Park, reported lower earnings in the first quarter due to falling beef and pork sales. Chris Casey at Fooddive reports, “In a call with analysts, CEO Donnie King said supply…
Fastmarkets report a record-setting surge in Southern Pine exports to Mexico propelled total U.S. softwood lumber shipments to a 30-year high in 2022. Shipments of all species to Mexico climbed to 385 million board feet last year, up 8% from 2021 and the third-highest annual total on record. For the first time since 2016, Mexico…
A beam of bright sunlight washes across Chamaine Jeffers’ face as she steers her truck through a wide left turn onto another Iowa highway. A ribbon of rhinestones forms a bejeweled band around her straw cowboy hat, culminating with a big heart right in front. The light that illuminates Jeffers’ face is perfectly timed to…
The tree of market conditions is bearing ripe fruit for shippers. With rates falling, carriers can’t demand higher prices – there’s room to negotiate and wiggle, which means you’ve got all the cards you need to play some winning hands. There’s good news incoming: the market is handing shippers some leverage, and you’re poised to…
The latest releases of manufacturing survey data for January are encouraging as we look ahead to what 2023 has in store. Although S&P Global and the Institute of Supply Management ISM manufacturing indexes show a decline in their respective diffusion indexes for the prior three months after 28 months of growth, we are not seeing…
The Port of New Orleans (Port NOLA) is uniquely located on the Mississippi River near the Gulf of Mexico — with access to 30-plus major inland hubs such as Memphis, Chicago, and Canada via 14,500 miles of waterways, six Class I railroads and interstate highways. The trucking industry plays a vital role in the daily…
Truckers used to joke that there were two seasons in the U.S. – winter and construction. No one is laughing now as congestion worsens along key interstates while the nations aging infrastructure is upgraded year-round. Spending on new projects resulting from the historic and bipartisan $1.2 trillion Infrastructure Bill signed in 2021 is now evident…