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Uber Freight Exchange: Spot aims to aggregate spot freight for motor carriers, starting with loads from hundreds of shippers in Uber Freight’s managed transportation business and brokerage.
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The Bosch RevX dispatcher optimization tool is designed to make navigating the spot market easier by efficiently booking optimal loads and reducing empty miles.
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The freight recession continues to bump along the bottom, with the spot market continuing to be battered by overcapacity amidst freight demand that is somewhat improved but still soft.
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ACT Research analysts expect higher trailer build numbers in 2023 and 2024, but there are clouds, while Class 8 2023 build backlogs will continue to decline, as the rebalancing of the freight market is being drawn out.
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Truckload freight volumes and spot rates held firm in June, while contract rates fell to their lowest points in almost two years, said DAT Freight & Analytics.
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What can shifting patterns of port use and the related impact on intermodal, the spot market reaching bottom, and orders for Class 8 tractors and trailers tell us about the health of the trucking industry? Find out what FTR said in its State of Freight webinar.
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A recession during the first half of 2023 is looking more likely, but the unusual nature of this economic and trucking cycle should help keep trucking from feeling the brunt of it.
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Spot truckload freight hit new highs in January, nearly $1 a mile higher than a year ago, according to DAT Freight & Analytics, even as the number of loads moved dropped throughout the month.
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Spot truckload rates remained near all-time highs during the week ending May 3, one year after bottoming out as U.S. economies closed during the pandemic.
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Truckload freight pricing rose and national average load-to-truck ratios for dry van and refrigerated freight hit record highs in February.
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