Recession and inflation concerns are weighing on the profitability of small carriers in the spot market, according to a survey of owner-operators and small fleets.
High fuel prices and inflation are among the factors prompting analysts to say the freight pendulum is starting to swing back the other way.
Truckstop.com's new Rate Insights platform allows users to see same-day spot market rates instead of 30-day lane-level rates.
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.
Spot rates for truckload van freight and reefers reach record high averages the last week of December 2021.
Prices for truckload services spiked to their highest levels yet in October, reflecting shippers’ willingness to pay a premium to move goods through their supply chains, according to DAT Freight & Analytics.
An analytical look at consumer spending, the pandemic, and the spot market — where we've been, where we're headed, and what that means for owner-operators and fleets.
While some have predicted a cliff-event drop in spot rates like in 2018, there is evidence that we may instead see more of a contract rate extended plateau, similar to what we saw in 2011-2012, Jeff Kauffman suggests.
The trucking industry, and the supply chain as a whole, are in an upcycle, but analysts suspect that the industry has reached its peak.
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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