DAT Freight & Analytics: Taking the Uncertainty Out of Freight When 183 million loads and trucks are posted on your network of load boards, and $118 billion of freight bills are recorded in your truckload rate engine, there’s a reason the industry regards your super-database as “the truckload pricing index standard for the North American trucking market.”
In a time when rapid innovation challenges current business models, DAT has pushed its technology leadership forward while facilitating the relationships our industry is built on.
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DAT provides benchmarking, forecasting, and capacity planning that are critical to operational efficiency, plus decades of experience that give us a thorough understanding of the intricacies of the trucking industry. We have added a team of data science engineers to support our front-line data analytics group in revealing business-critical information and insights from the volumes of data available to us. It’s all founded on two fundamentals: brokers need trucks, and carriers need loads. In 2016 DAT and Getloaded combined networks to create one super-database, the industry's largest and most diverse on-demand freight exchange for spot truckload freight. That alone boosted DAT’s available capacity by 36%. Since 2015, DAT has doubled the capacity of carriers available to load providers. These carriers represent north of 1.3 million trucks. The consolidation also enabled Getloaded’s broker customers to access 400% more truckloads. And all of these loads can be easily accessed from anywhere with the DAT Load Board for Truckers app. DAT’s products include transportation management software, DAT Fleet Compliance services, carrier monitoring and onboarding, truck and trailer tracking, and a comprehensive directory of companies with business history, credit, safety, insurance, and company reviews. The Original Load Board The company was established in 1978 as the Dial-A-Truck (DAT) load finder service at Jubitz® truck stop in Portland, Oregon. Though the technology and delivery systems have changed greatly since that time, DAT remains the central marketplace where transportation professionals meet and transact business in the spot market. As a service to the industry, DAT provides data on trends, including a monthly spot market freight index and weekly Trendlines updates. Every day, transportation professionals depend on DAT to help their businesses operate more efficiently and profitably. Poised for Growth DAT and DAT TruckersEdge are owned by Roper Technologies, a publicly traded company (NYSE: ROP) that also owns the other major load board in North America: Link Logistics (Canada). DAT's award-winning customer service, billing, product development, and maintenance reside at the company's new, 55,000-square-foot headquarters in Beaverton, OR, which is equipped to handle the rapidly growing customer base.
Mission: Delivering actionable information and solutions that help our customers succeed.
Operating as usual
The manufacturing sector continues to improve, which is good news, especially for flatbed carriers. https://bit.ly/3o0Dozr
In the early stages of the pandemic, steelmakers closed or idled around one-third of their plants as customers canceled orders during the spring. Now they're struggling to keep up with demand from U.S. manufacturers.
In contrast to dry van, reefer volumes in all of our top 10 markets increased by 10% w/w on average. With the exception of Elizabeth, NJ (#1), where rates are up $0.03/mile, available capacity continued to loosen with spot rates down for the fourth week in a row in the remaining nine markets. https://bit.ly/2WFjApb
The deeper we get into winter, the further south shippers go to meet U.S. demand for winter produce, which is why, at this time of the year, we start to see an increase in volume across the southern border from Mexico.
Spot rates in all top 10 markets dropped this week down on average $0.06/mile. Port congestion on the West Coast has driven warehouse capacity to its limits slowing down the unloading of more recent imports. https://bit.ly/3rpKFuA
Industrial production has been steadily improving after dropping 16.5% in March. It's now around 5% below its pre-pandemic (February) reading, but still down 5.5% year over year.
Decreasing freight volumes may not be sufficient to ease the shortage of drivers heading into 2021, given the high number of drivers getting caught up in the FMCSA’s drug clearinghouse. https://bit.ly/3mMSfM6
.One of the themes of the pandemic-driven freight market has been tight capacity, which has driven up spot rates to record levels and put upward pressure on contract rates at the same time.
🎁 Truckers make the holidays happen. To help you negotiate better rates, we're offering our best tools at no extra cost this holiday season. Learn more: https://bit.ly/34AMGtU
📊 While national averages edged upward for each trailer type, prices on many high-traffic lanes continued to decline last week. https://bit.ly/2KOgX1j
While national averages edged upward for each trailer type, prices on many high-traffic lanes continued to decline last week.
❄️ Happy Holidays. Here's to what's ahead, to new opportunities and new successes, to turning the corner and driving forward.
The DAT Truckload Volume Index, a measure of dry van, reefer and flatbed loads moved by truckload carriers, fell 8.3 percent from last month but was 15 percent higher than November 2019. https://bit.ly/3nzZM29
Spot market rates for van and refrigerated (“reefer”) freight again rose to all-time highs in November, according to DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight. The national average flatbed rate was slightly down from October’...
DAT #truckingAMA 🚚 What is the best Truck? L. Boogie weighs in.
Subscribe on YouTube: https://bit.ly/3nxMnI0
Import data for November shows an even split between container import volumes on both coasts, each receiving 46% of total imports, while the Gulf Coast and Great Lakes Region received 8%. https://bit.ly/37tw8WE
The latest monthly release of PIERS import data highlights the extraordinary import growth the freight market has experienced in recent months.
Spot rates in the reefer sector dropped the most of the three equipment types we track each week, dropping $0.09/mile to $2.39/mile last week. Reefer rates are still $0.51/mile or 27% higher compared to the same week in 2019. https://bit.ly/2WtqtcS
More capacity in the refrigerated sector is one possible outcome of the recent interim final rule published by the FMCSA, which clarifies agricultural commodity and livestock definitions in hours-of-service regulations.
A recent analysis by Associate Professor Jason Miller at Michigan State University’s Eli Broad College of Business dispelled one of the pandemic-related freight myths that food manufacturing should be higher because Americans are cooking more. https://bit.ly/3nvdZNU
Our team of experts look back on the biggest surprises of 2020, adjustments made by shippers & share 2021 forecasts for the freight market. https://bit.ly/3amkf6I
Hear more from The DAT iQ Team in the latest #freightvine episode. And stay tuned for the #DATiQ market update and contract rate forecast.
DAT iQ's Dr. Chris Caplice and Dr. Inam Iyoob speak with industry experts to lift the uncertainty that clouds the freight marketplace.
Flatbed rates decreased slightly again last week by $0.01/mile to $2.18/mile, but remain in a tight trading band between $2.17/mile and $2.20/mile where they’ve been for over two months. https://bit.ly/2K3Lw3r
Some of the steam appears to be going out of the booming home building market, which has been the main driver being high flatbed volumes for loads of building material and lumber in recent months.
📊 Truck posts outpaced load posts last week, a signal that capacity on the truckload spot market has loosened. https://bit.ly/2KqIF42
Truck posts outpaced load posts last week, a signal that capacity on the truckload spot market has loosened.
DAT #truckingAMA 🚚 What is the best Truck? Everett Madison weighs in. Subscribe on YouTube: https://bit.ly/2JN5O0Z
Surging volumes concentrated on some lanes for some commodities has created a disruptive imbalance in freight volumes and more uncertainty for all market participants, and freight markets hate uncertainty. https://bit.ly/2JVSxTx
In this volatile 2020 freight market we’ve watched wild fluctuations in freight volumes and rates, with most traditional and reputable market indicators reflecting what we see—a bifurcated freight market.
Flatbed rates decreased slightly last week by $0.01/mile to $2.19/mile. Compared to the same week in 2019 when flatbed rates were $1.77/mile, rates are still $0.42/mile higher. https://bit.ly/3n7r7Zq
Some recent news on the manufacturing front indicated new orders and production both fell in November, but both were still at high and healthy levels.
In the refrigerated sector, volumes increased in all top 10 markets, but spot rates dropped in all but two markets - Elizabeth, NJ, (#2) and Indiana (#5). https://bit.ly/39V3EH7
Reefer volumes are down year-over-year driven largely by the decrease in produce volumes, which according to last week’s USDA data are down 18% y/y for domestic loads of produce.
Dry van load postings spiked to 5-year record levels last week increasing by 21% compared to the weekly average for the prior two months. https://bit.ly/2W0UDUA
The latest release of the American Trucking Associations’ For-Hire Truck Tonnage Index reported a decrease of 6.3% in October after gaining 5.7% in September.
Guest Post: Dan Deigan offers his tips on what it takes to be great in freight sales. https://bit.ly/3gDUeBe
Hear more from Dan & DAT's Principal Analyst, Dean Croke, at the The High-Performance Logistics Sales Summit this Friday, Dec. 11! Register for free here: https://bit.ly/2KdGKA4
Sales is not an easy career by any means. Sales and the "daily grind" come with many unique obstacles and challenges. However, it can be a very fulfilling career for people—especially in the freight industry.
Get your freight market questions ready! The DAT iQ team will be live today at 10 a.m. ET. Tune in & subscribe on our YouTube channel: https://bit.ly/2VTgM7m
Join DAT iQ Live Tuesday's 10 am EST. #DATiQ #COVID19Our analytics team takes a weekly look at how the freight markets are responding to the COVID-19 crisis...
There are signs that some pressure on shippers is releasing. Read this month's Pulse Signal Report from DAT iQ. https://bit.ly/3qyNGIF
It’s no secret that truckload rates have been hot, and prices are still exceptionally high. But for shippers, there are signs that some of that pressure is releasing, according to the recently released Pulse Signal Report for November.
📊 Despite load posts hitting a 5-year record last week, increasing by 21% over the weekly average of the last eight weeks, rates headed south on some key lanes, which could be a sign supply is catching up to demand. https://bit.ly/2K03Gm2
For the first time in nearly 220 days there were signs of downward movement in rates for all three equipment types.
🎄 You make the holidays happen for America. As a thank you, we're offering our best tools at no extra cost. Offer Details: https://bit.ly/2VLuuZL
DAT #truckingAMA 🚚 What is the best Truck? Chamaine Jeffers weighs in. Subscribe on YouTube: https://bit.ly/3oqnjCQ
Learn how J.B. Hunt has grown to nearly 20,000 drivers and $10B in revenue through constant innovation.
Hear more from Executive VP/ Chief Commercial Officer Shelley Simpson in the latest #freightvine episode. And stay tuned for the #DATiQ market update and contract rate forecast. https://bit.ly/2JEUDqH
#supplychain #logistics #trucking #freight
DAT iQ's Dr. Chris Caplice and Dr. Inam Iyoob speak with industry experts to lift the uncertainty that clouds the freight marketplace.
DAT offers drug and alcohol compliance services.
CleanFleet provides immediate proof of compliance with federal regulations and enrollment in the U.S. FMCSA Drug & Alcohol Clearinghouse, as well as a full range of screening and program management services. https://bit.ly/36yiMrJ
From a carrier, shipper and broker perspective, e-commerce tends to be more logistics-intensive, which requires higher levels of inventory driving demand for more warehouse space and trucks to haul freight. https://bit.ly/3g1AOpG
At this stage in the holiday shipping season, demand for logistics services is continuing to grow in both retail and manufacturing sectors, but according to the recent results from the Logistics Managers Index (LMI), “firms cannot add logistics infrastructure quickly enough to keep up with burgeon...
📊 Load board activity slowed during the holiday week. For the freight that did move, prices were at a premium, with rates rising on most high-traffic lanes. https://bit.ly/3mt5DGa
Load board activity slowed down last week, with carriers, brokers and shippers taking time off for Thanksgiving.
Over the five-week shipping season, Oregon will average an estimated 420 loads per day with North Carolina close behind at 360 loads per day.https://bit.ly/3o8OLEN
Truckload capacity is already tight, but with such a short 35-day shipping season, peak Christmas tree harvest volumes will strain a freight network already at its limits.
The job isn’t thankless, the holidays happen because of you. Happy Thanksgiving from DAT. #thankatrucker
In case you missed this week's DAT iQ Market Update - watch for a recap of what happened last week in the truckload market, and what to expect looking forward. https://bit.ly/3o9jXEf
Join DAT iQ Live Tuesday's 10 am EST. #DATiQ #COVID19 Our analytics team takes a weekly look at how the freight markets are responding to the COVID-19 crisis...
Former Swift Transportation CEO Richard Stocking talks about the driver shortage, why it is back, and what can be done to solve it. https://bit.ly/3fyOok6
The OTR truckload driver count is at an eight-year low. Traditional solutions to solving the driver shortage aren’t working. It’s time for all carriers to start investing and innovating…
The DAT iQ team is LIVE now with our weekly market update. https://youtu.be/imOEdMREoMY
Join DAT iQ Live Tuesday's 10 am EST. #DATiQ #COVID19 Our analytics team takes a weekly look at how the freight markets are responding to the COVID-19 crisis...
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🎁 Truckers make the holidays happen. To help you negotiate better rates, we're offering our best tools at no extra cost this holiday season. Learn more: https://bit.ly/34AMGtU
DAT #truckingAMA 🚚 What is the best Truck? L. Boogie weighs in. Subscribe on YouTube: https://bit.ly/3nxMnI0
DAT #truckingAMA 🚚 What is the best Truck? Everett Madison weighs in. Subscribe on YouTube: https://bit.ly/2JN5O0Z
🎄 You make the holidays happen for America. As a thank you, we're offering our best tools at no extra cost. Offer Details: https://bit.ly/2VLuuZL
DAT #truckingAMA 🚚 What is the best Truck? Chamaine Jeffers weighs in. Subscribe on YouTube: https://bit.ly/3oqnjCQ
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Drop a comment or email [email protected]. Watch on YouTube: https://youtu.be/gd-dUVpUz4c
DAT #truckingAMA 🚚 What’s the best advice for new truckers? L. Boogie weighs in. Subscribe on YouTube: https://bit.ly/2IEBYKP
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Leave a comment here or email [email protected]. Watch on YouTube: https://youtu.be/Xt3lLe9wbjA
DAT #truckingAMA 🚚 What’s the best advice for new truckers? Everett Madison weighs in. Subscribe on YouTube: https://bit.ly/3p7GTVI
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Drop a comment or email [email protected]. Watch Live on YouTube: https://youtu.be/bUhxF_9eGws
DAT #truckingAMA 🚚 What’s the best advice for new truckers? Chamaine Jeffers weighs in. Subscribe on YouTube: https://bit.ly/35JGGyW
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Chris Caplice, Chief Scientist at DAT & Executive Director of MIT’s Center for Transportation & Logistics, will be joining this week as a guest! Have questions? Drop a comment or email [email protected]. https://youtu.be/NphYEbdc67Y?utm_source=facebook&utm_medium=social&utm_campaign=datiq-live
Get the best price on every load. The pros teach you how in this week’s DAT #truckingAMA Best Tips for Negotiating Rates.Chamaine Jeffers @CDL4Life weighs in. Subscribe on YouTube: https://bit.ly/31w18SL
Reminder: The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Leave a comment below or email [email protected]. https://bit.ly/34aIQYU #trucking #freight #logistics #truckerslife #truckinglife #truckers #freightbroker #freightagent #truckingbusiness #truckingindustry #trucker #truckernation #3PL #supplychainmanagment
Get the best price on every load. The pros teach you how in this week’s DAT #truckingAMA Best Tips for Negotiating Rates. Everett Madison @TruckingInside weighs in. Subscribe on YouTube: https://bit.ly/3j5tBEH
Reminder: The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Leave a comment or email [email protected]. https://bit.ly/30WBNRG
Get the best price on every load. The pros teach you how in this week’s DAT #truckingAMA Best Tips for Negotiating Rates. L. Boogie weighs in. Subscribe on YouTube: https://bit.ly/33Hszu6
Get the best price on every load. The pros teach you how in this week’s DAT #truckingAMA Best Tips for Negotiating Rates. Sunshine @HighwayDivas weighs in. Subscribe on YouTube: https://bit.ly/30r8hDl
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Drop a comment or email [email protected]. Watch live on YouTube: https://bit.ly/30ihXQe #trucking #freight #logistics #truckerslife #truckinglife #truckers #freightbroker #freightagent #truckingbusiness #truckingindustry #trucker #truckernation #3PL #supplychainmanagment
DAT #truckingAMA 🚚 What are you doing to avoid COVID while delivering freight? Everett Madison weighs in. . . #truckinlife #trucking #bigrigs #truckin #loadboard
📺 Tune in live today at 10 a.m. ET for our weekly DAT IQ Live Market Update! Have questions? Drop a comment or email [email protected]. https://bit.ly/3j5p2Li
DAT #truckingAMA 🚚 What are you doing to avoid COVID while delivering freight? L. Boogie weighs in. Subscribe on YouTube: https://bit.ly/3mviSX8 . . #truckinlife #trucking #bigrigs #truckin #loadboard
The #DATiQ analytics team will be live tomorrow at 10 a.m. ET with our weekly market update. Have questions? Drop a comment or email [email protected] Linkedin ➜ https://bit.ly/35AFwaw YouTube ➜ https://bit.ly/3bW27j4
DAT #truckingAMA 🚚 What are you doing to avoid COVID while delivering freight? Chamaine Jeffers weighs in. Subscribe on YouTube: https://bit.ly/2Fs0bmp . . #truckinlife #trucking #bigrigs #truckin #loadboard
Here are the key items the DAT iQ team is watching this week. Read the full report and watch our full DAT iQ market update here: https://bit.ly/2ZoDjLC
DAT iQ's Dean Croke recaps last week's market activity. Check out the full report ➜ https://bit.ly/31ZW61r
DAT #truckingAMA 🚚 What are you doing to avoid catching COVID while delivering freight? Sunshine weighs in. Subscribe on YouTube: https://bit.ly/3h2WEI5
Ask DAT iQ: How do you know that Ratecast is 95% accurate? Ken Adamo, Ned Damon and Dean Croke explain. Learn more about Ratecast: https://bit.ly/3aTPjsW . . #logistics #supplychain #transportation #freight #trucking #3PLs #shippers #freighttech #datiq #freightbrokers #freightbroker #freightbrokerlife
Here's what the DAT iQ analytics team is watching this week in the freight market: ↔️ Recent rate hikes show sign of plateauing 📉 Load-to-truck ratios down on all equipment types 📦 Have we already seen the peak for 2020 shipping? Read more at: https://bit.ly/30GIy9d
Ask DAT iQ: What changed in DAT Ratecast? Median absolute error means you can now see how Ratecast has performed on each lane. Ken Adamo and Ned Damon explain. Learn more about Ratecast: https://bit.ly/3h6ujRU
When 183 million loads and trucks are posted on your network of load boards, and $68 billion of freight bills are recorded in your truckload rate engine, there’s a reason the industry regards your super-database as “the truckload pricing index standard for the North American trucking market.”
In a time when rapid innovation challenges current business models, DAT has pushed its technology leadership forward while facilitating the relationships our industry is built on. DAT provides benchmarking, forecasting, and capacity planning that are critical to operational efficiency, plus decades of experience that give us a thorough understanding of the intricacies of the trucking industry. We have added a team of data science engineers to support our front-line data analytics group in revealing business-critical information and insights from the volumes of data available to us.
It’s all founded on two fundamentals: brokers need trucks, and carriers need loads. In 2016 DAT and Getloaded combined networks to create one super-database, the industry's largest and most diverse on-demand freight exchange for spot truckload freight. That alone boosted DAT’s available capacity by 36%. Since 2015, DAT has doubled the capacity of carriers available to load providers. These carriers represent north of 1.3 million trucks. The consolidation also enabled Getloaded’s broker customers to access 400% more truckloads. And all of these loads can be easily accessed from anywhere with the DAT Load Board for Truckers app.
DAT’s products include DAT Broker TMS transportation management software, DAT Fleet Compliance services, carrier monitoring and onboarding, truck and trailer tracking, and a comprehensive directory of companies with business history, credit, safety, insurance, and company reviews. Other, exciting new products are on the roadmap for 2019 and beyond.
The company was established in 1978 as the Dial-A-Truck (DAT) load finder service at Jubitz® truck stop in Portland, Oregon. Though the technology and delivery systems have changed greatly since that time, DAT remains the central marketplace where transportation professionals meet and transact business in the spot market. As a service to the industry, DAT provides data on trends, including a monthly spot market freight index and weekly Trendlines updates. Every day, transportation professionals depend on DAT to help their businesses operate more efficiently and profitably.
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