Summer dog days for rates on the spot market? Some exceptions in the last week
Last week vans were in highest demand in California, Nevada, and states bordering the Mississippi River. But rate gains were best in the East for the week ending Aug. 4. Markets to watch: vans out of Philadelphia, volatility in reefer markets, more.
Cargo Chief’s evolution toward multi-broker freight platform
Utilizing a myriad of sources for the carrier-provided data it makes available to brokers to save time in the process of matching with carriers on available loads, Cargo Chief’s C4 2.0 platform hopes to make good on a goal of greasing the skids for all…
Spot rates soften in the last week
Load-posting volume slipped 16% during the week ending July 21, while the number of trucks available rose by 3%. The imbalance has been pushing national average spot rates lower, compared to June averages.
Revisiting the soft-market banana peel — freight relationships paying off for some
Randy Carlson “will have had my operating authority for 25 years” come next May. Right now, “trucking is the best it’s been in that entire 25 years” in general terms, he says, despite the slowdown for so many in the spot market, illustrating the value …
Freight recession? Not as long as volumes continue strong
Major van markets’ volumes regained all they lost during the July 4 holiday week, as talk of a freight recession arose from some industry quarters. Reefer shows signs of volume falls in the last week, but not the other major segments, DAT notes.
Rates on the up after holiday week, as demand indicators fell
It wasn’t exactly a fireworks display, but national average spot van and refrigerated freight rates sparkled a bit last week as shippers looked for carriers to move freight during a compressed delivery window. Decreased activity, at once, caused demand…
More ELD data hopes and hazards: Load matching efficiency improvements
A variety of players, including some ELD providers, are executing plans to use ELD hours data as a way to help put load offers in front of carriers that have drivers who not only are close to the load but also have sufficient on-duty hours.
Gorilla Safety ELD integrates tracking tech
ELD provider Gorilla Safety has integrated the Project44 tracking platform for shippers and brokers to allow Gorilla Safety’s customers to meet increasing load-tracking demand.
‘Roadcheck effect’ pushed spot rates and demand indicators higher
While fewer Overdrive readers than in years past signaled they’d be taking the week off for Roadcheck, as previously reported, measurable spot-market participation on the truck side was nonetheless down in DAT’s metrics, pushing demand indicators and a…
Trend to watch: Flatbed, as rates in all segments make modest gains
The national average flatbed load-to-truck ratio improved to end May at 13. That sounds good on its face, but keep in mind it was almost 90 a year ago. In flat and elsewhere, national average spot rates inched upward during the holiday-shortened week a…