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.
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.
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.
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.
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.
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.
Launch of its Trucking Freight Futures contracts on March 22 has been announced jointly by Nodal Exchange, FreightWaves, and DAT Solutions.
Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
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.
Spot market freight volume and rates fell for most equipment types last month, but holiday shipping is expected to give it a boost.