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Truckload freight volumes and spot rates for dry van and refrigerated loads fell for the fourth month in a row in April, according to DAT Freight & Analytics.
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FTR looks at key economic and trucking industry indicators and offers an outlook for freight transportation in 2023.
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Despite a string of gains, the ATA's tonnage index is still off 1.8% from pre-pandemic numbers.
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The huge increases in freight volume since the economic contraction are slowing, but the trucking industry still looks to see a strong 2021 in terms of both demand and rates.
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After surging for the last five months, spot truckload rates have gone flat according to DAT, with demand for trucks softening during the week ending October 18.
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While FTR’s Trucking Conditions Index reading for May made a comeback from a “worst-ever” level in April to a reading of -5.19, it is still not doing well from a historical perspective.
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Schneider’s new online marketplace FreightPower gives shippers access to an expanded, flexible capacity network, according to the company.
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In an effort to achieve completely automated end-to-end freight transactions, Uber Freight is moving beyond automated pricing and matching to enable transactions that can take place automatically and without intervention.
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A new freight management platform created by third-party logistics provider Choptank Transport allows fleets to track and analyze many operational factors based on their own shipping history.
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The latest reports from ACT Research show improvement in for-hire freight volumes, but also a slide in the Freight Rate Index in December and a slight improvement in the economic outlook for 2020.
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