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Dean Croke, principal analyst for DAT Freight & Analytics, talks about what industry trends he sees in freight rate data.
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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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DAT and Axele will expand the integration of their load board and transportation management system technologies, giving small and mid-sized truckload carriers access to automated freight-matching features.
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Average spot truckload van and refrigerated rates were virtually unchanged last week, a sign of price stability after January’s declines, according to DAT.
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Spot truckload rates for dry van and refrigerated freight hit another high in October, according to DAT Freight & Analytics, while average flatbed rates also increased compared to September, they did not surpass 2018’s highs.
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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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According to DAT Solutions, the average spot van rates set a record high in September, up 6 cents from the previous record set in June 2018.
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According to DAT Freight & Analytics, August’s spot truckload rates almost set an all-time high, with spot van, refrigerated and flatbed rates higher month over month and load-to-truck ratios increasing at the end of summer.
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Spot truckload freight activity saw a bump last week as a result of shippers and logistics companies repositioning freight that would be affected by a pair of major storms along the Gulf Coast.
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According to DAT Solutions, spot truckload rates for van, refrigerated, and flatbed have all seen increases since last month, with supply chain disruptions caused by COVID-19 pushing more freight to the spot market at a time when demand for truckload capacity usually declines.
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