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The DAT Truckload Volume Index, a measure of dry van, refrigerated and flatbed loads moved by truckload carriers, fell 2% in January from December 2020.
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Since the company’s launch in 2018, SmartHop has raised $16.5 million to help owner-operators in the spot market pick the best loads, reduce deadhead miles, and navigate fluctuations in the market.
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Pent-up consumer demand from COVID-19 shutdowns continues to buoy spot freight rates, but a still-weak manufacturing sector has experts at FTR cautioning that things could turn downward again.
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Launch of its Trucking Freight Futures contracts on March 22 has been announced jointly by Nodal Exchange, FreightWaves, and DAT Solutions.
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