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Kingsgate Logistics has joined a pilot program that provides early access to a suite of predictive rates and analytics tools from DAT Solutions.
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DAT Solutions announced a pilot program for a suite of new rate forecasting and market analysis tools in January ahead of a commercial launch in April. In this HDT interview, we asked the company how this new capability works and how it benefits shippers, brokers and carriers alike.
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DAT Solutions is supplying Knight-Swift Transportation with a new rate forecasting tool to provide actionable short-term and long-term insights into transportation markets.
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The national average spot van rate hit its highest level since last January and load-to-truck ratios for all three equipment types surged during the week ending Dec. 8, according to DAT Solutions.
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Spot market rates for dry van and refrigerated shipments in June were the highest since January as capacity tightened due to the Roadcheck inspection blitz and increased demand.
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With spot truckload freight volumes failing to meet expectations in May, DAT Solutions is looking to June to see if volumes from May were simply delayed.
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DAT Solutions has added load board functionality and business process efficiencies to eight transportation management systems that are used by thousands of carriers and freight brokers.
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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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Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
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The spot market has not enjoyed the usual boost provided by holiday shipping so far in December, with spot market rates falling for all three major trailer types.
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