DAT Freight & Analytics

10/12/2021

How a truck driver shortage is stopping grocery stores from stocking shelves

"According to the Department of Transportation, 75 percent of the goods in America travel by truck. While the work pays well, Thropp says the industry is trying to address challenges like being a tough job for people with a family and getting more women interested in the work."

For weeks we’ve been hearing of product shortages happening because of supply chain issues. Whether it’s groceries, custom picture frames or a bicycle, products are getting backed up in ports on the coast because there are no truck drivers to pick them up and take them to their destinati...

10/12/2021

Trucking Industry Trends: October 4-10, 2021

📊 Trucking Industry Trends: October 4-10, 2021 📊

The first strong snowstorm of the season in the Rockies hasn’t been enough to dampen demand for temperature-controlled equipment. Re**er spot rates ended last week at an all-time high of $3.22/mile inclusive of fuel. That’s more than $1.00/mile higher for the first week of October compared to the average of the 10 years prior.

View the full report here: https://bit.ly/3BBEYOS

#Trendlines #Trucking #Logistics #SupplyChain #Freight #Flatbed #Re**er #DryVan

Trendlines shows a weekly snapshot of the month-to-date for national average rates from DAT RateView. National average spot market rates for the past four months, including fuel surcharges, are shown in the three graphs, above.

10/08/2021

E-commerce driving demand for warehouse space — and increasing rent

[Market Conditions: Van] According to CBRE’s U.S. Industrial & Logistics Figures Q2 2021 report, asking rents for warehouse leasing space are at record-highs. The highest growth rates for commercial warehouse construction are currently in San Antonio and Las Vegas. Van spot rates were raised by one cent last week, reflecting a $2.53/mile average.

Read more: https://bit.ly/3iISFEh

#Trucking #Logistics #SupplyChain #Freight #DryVan

Increased e-commerce demand and the need to counter supply chain disruptions will raise warehouse rent while keeping vacancy rates low.

10/08/2021

Truck shortage loom over Pacific Northwest fall produce season

[Market Conditions: Re**er] 🍎 The Pacific Northwest produce season has arrived, contributing to the capacity crunch that typically occurs this time of year. Growers in the region are reporting a shortage of trucks to haul onions, potatoes, apples, and pears. Re**er spot rates have increased by a penny to $2.86/mile.

Read more: https://bit.ly/307S7kV

#Trucking #Logistics #SupplyChain #Freight

The Pacific Northwest's fall produce harvests is coinciding with the seasonal capacity crunch, and growers are noticing the truck shortage.

10/07/2021

There's less than a week to secure your spot for our upcoming webinar, 5 Easy Strategies to Find Shippers. 🔍

👉 Register now: https://bit.ly/307NTK7

On behalf of DAT Freight & Analytics, broker-trainer experts, Nate Cross and Benjamin Kowalski of Freight 360, share 5 strategies that you can easily employ to find shippers and quickly grow your business.

Join us on October 12 at 10am PDT for a chance to learn strategies and ask questions of our expert panelists.

There's less than a week to secure your spot for our upcoming webinar, 5 Easy Strategies to Find Shippers. 🔍

👉 Register now: https://bit.ly/307NTK7

On behalf of DAT Freight & Analytics, broker-trainer experts, Nate Cross and Benjamin Kowalski of Freight 360, share 5 strategies that you can easily employ to find shippers and quickly grow your business.

Join us on October 12 at 10am PDT for a chance to learn strategies and ask questions of our expert panelists.

10/07/2021

Steel production is up 20% compared to last year

[Market Conditions: Flatbed] The American Iron and Steel Institute reports a 22.3% increase in steel produced year-over-year. Indiana remains the leader in steel production, accounting for 27% of our nation's steel. The national flatbed spot rate continues its plateau at $2.66/mile.

Read more: https://bit.ly/3AlOBQb

#Trucking #Logistics #FlatBed #SupplyChain #SpotRates #Freight

In terms of loads moved, carriers are hauling an additional 13,720 truckloads of steel nationally each week compared to last year.

10/07/2021

Chris Caplice is joined by Steve and Billy Hupp of Estes Express Lanes. Steve is the Chief Financial Officer and Corporate Secretary, while Billy is the Chief Operations Officer. They discuss changes in LTL freight, technology and patterns seen by Steve and Billy throughout their 74 years of combined industry experience.

Hear more from Billy and Steve in the latest #freightvine episode.
https://bit.ly/3aw3sxf
And stay tuned for the #DATiQ market update and contract rate forecast.

Chris Caplice is joined by Steve and Billy Hupp of Estes Express Lanes. Steve is the Chief Financial Officer and Corporate Secretary, while Billy is the Chief Operations Officer. They discuss changes in LTL freight, technology and patterns seen by Steve and Billy throughout their 74 years of combined industry experience.

Hear more from Billy and Steve in the latest #freightvine episode.
https://bit.ly/3aw3sxf
And stay tuned for the #DATiQ market update and contract rate forecast.

10/07/2021

How long will the truckload sector continue at elevated levels?

[Market Update] Truckload capacity remains tight heading into peak shipping season. Despite the Delta variant surging throughout the country, demand is expected to remain high. Retailers are desperately trying to keep shelves stocked this time of year. Meanwhile, supply capacity struggles continue, with a different challenge each day.

Learn more in this week’s market update: https://bit.ly/2YqMWvs

#Trucking #Logistics #SupplyChain #Freight

Strong consumer demand, new and evolving supply chain bottlenecks, and early holiday shipping is keeping the truckload market at record highs.

10/06/2021

Get more flexible factoring options with new load board integration

We recently partnered with OTR Capital to expand factoring services available to freight brokers and carriers on the DAT load board network.

When searching for freight, you’ll now see a blue checkmark next to loads that have been pre-approved by our factoring partner OTR Capital. 👇

🔵 Read more about the cool new blue checkmark: https://bit.ly/3AiYxdp

👉 Learn more about our partnership with OTR Capital: https://bit.ly/3aaAgvm

You may have noticed a small change recently in the load board products from DAT Freight & Analytics. When searching for freight, you’ll now see a blue checkmark next to loads that have been pre-approved by our factoring partner OTR Capital. This new partnership dramatically expands factoring serv...

10/05/2021

FourKites Visibility 2021

We're just hours away from the largest supply chain visibility event of the year, and we couldn't be more excited to attend #FourKitesVisibility21! Will you be at this year's virtual conference?

Stop by the DAT Freight & Analytics virtual booth and learn more!

The largest supply chain visibility conference reimagined as a virtual event. Presentations from top global brands and industry experts. Register now for FourKite’s free Customer Conference.

10/04/2021

LTLs become selective about freight as demand booms

August numbers from two large LTL carriers, Old Dominion and ArcBest, signal demand is still strong and capacity is tight. This is causing large LTL carriers to be more selective and only take the highest paying freight. This leaves more space in the market for smaller carriers and owner-operators.

Read more about carrier capacity below:

#Carriers #OwnerOperators #TruckDrivers #Freight #Transportation

Carriers have to make tough decisions to preserve quality of customer service.

10/01/2021

Port of Baltimore welcomes four additional gigantic cranes to service container ships

A large delivery has arrived at the Port of Baltimore, four Neo-Panamax container cranes. MDOT Secretary, Greg Slater, had this to say about the great news, “These new cranes will allow the Port to serve two ultra-large container ships simultaneously, boosting our capacity and giving us the opportunity to increase revenue and grow the jobs that help fuel Maryland’s economy.”

Read more about the new cranes in the Port of Baltimore:
https://bit.ly/3omVVZt

New cranes are part of continued expansion at Seagirt Marine Terminal; additions allow the Port to handle two ultra-large ships simultaneously

10/01/2021

Fall produce season is well underway - DAT

[Market Conditions: Re**er] 🎃 Halloween is approaching and so is peak demand for decorative (carving) and processed pumpkins. Pumpkins are grown in most states, but 62% of all production comes from just 10 states. Re**er spot rates cooled off again, dropping two cents to an average of $2.85/mile.

Read more: https://bit.ly/3opWXny

#Trucking #Logistics #SupplyChain #Freight

The demand for decorative and processed pumpkins are expected to peak shortly, with Illinois producing nearly 40% of the nation's pumpkins.

10/01/2021

ATA For-hire Truck Tonnage Index falls slightly two years in a row - DAT

[Market Conditions: Van] American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index increased 0.5% in August. The marginal increase is the first since March. The national spot rate average remains on a $2.51/mile plateau.

Read more: https://bit.ly/2Y8WmMz

#Trucking #Logistics #SupplyChain #Freight #DryVan

Despite some supply chain issues, the For-hire Truck Tonnage Index suggests demand remains strong for trucking services generally.

09/30/2021

Fewer single-family housing starts suggest a slowing flatbed market - DAT

[Market Conditions: Flatbed] A lower than usual building permit application count and single family housing builds are pointing to less demand for flatbeds. Flatbed spot rates continue to toggle up and down, as the national average increased by a penny last week.

Read more: https://bit.ly/3maMZ6N

#Trucking #Logistics #FlatBed #SupplyChain #SpotRates #Freight

Housing starts declined , but new building applications are up slightly. Here's what that means for the flatbed market.

09/30/2021

Why do we keep adding ships to the SoCal port queue? - DAT

[Market Update] Port congestion is at an all time high. The Marine Exchange reports an average of 9.5 days to dock and unload, this is compared to 2 days at most last year. During the remainder of 2021, at least, expect to see very tight truckload capacity in high-volume ports where congestion exists.

Learn more in this week’s market update: https://bit.ly/39P9MiX

#Trucking #Logistics #SupplyChain #Freight

Shippers know that port congestion is creating a huge queue of cargo ships. So why do ships continue to arrive?

09/29/2021

[FREE WEBINAR] Regardless of the size, one of the biggest challenges facing newer freight brokers is how to find shippers. On behalf of DAT Freight & Analytics, broker-trainer experts, Nate Cross and Benjamin Kowalski of Freight 360, share 5 strategies that you can easily employ to find shippers and quickly grow your business.

Join us on October 12 at 10am PDT for a chance to learn strategies and ask questions of our expert panelists.

Register to learn 5 Easy Strategies to Get More Shippers: https://bit.ly/3ojEKrY

[FREE WEBINAR] Regardless of the size, one of the biggest challenges facing newer freight brokers is how to find shippers. On behalf of DAT Freight & Analytics, broker-trainer experts, Nate Cross and Benjamin Kowalski of Freight 360, share 5 strategies that you can easily employ to find shippers and quickly grow your business.

Join us on October 12 at 10am PDT for a chance to learn strategies and ask questions of our expert panelists.

Register to learn 5 Easy Strategies to Get More Shippers: https://bit.ly/3ojEKrY

09/28/2021

Real estate has been particularly affected by supply chain woes. Pinpointing the main cause for concern is like finding a needle in a haystack at times. Although, Forbes contributor, Jennifer Castenson signals there is one common solution to these issues.

Read more to find out what’s halting real estate supply chains:
https://bit.ly/3F2hYL9

Real estate has been particularly affected by supply chain woes. Pinpointing the main cause for concern is like finding a needle in a haystack at times. Although, Forbes contributor, Jennifer Castenson signals there is one common solution to these issues.

Read more to find out what’s halting real estate supply chains:
https://bit.ly/3F2hYL9

09/28/2021

Last Friday, the United States, Japan, India and Australia gathered in person for the first time. The group of nations are working to bolster supply chain security for critical technologies. Addressing clean energy and a solution to the global semiconductor shortage are two of the main concerns according to Australia's Prime Minister Scott Morrison.

Read more:
https://bit.ly/3kNz7jp

Last Friday, the United States, Japan, India and Australia gathered in person for the first time. The group of nations are working to bolster supply chain security for critical technologies. Addressing clean energy and a solution to the global semiconductor shortage are two of the main concerns according to Australia's Prime Minister Scott Morrison.

Read more:
https://bit.ly/3kNz7jp

09/27/2021

Trucking Industry Trends: August 2-8, 2021

📊 Trucking Industry Trends: September 20-26, 2021 📊

Except for last year, dry van spot rates typically decline as we head into Fall. But like we saw in 2020, spot rates continue to set new records and are now up 14% year over year. Re**er rates are still 18% above spot rates this time last year, while flatbed spot rates are an amazing 17% higher over the same timeframe. Even compared to the high set during the last flatbed rate rally in 2018, last week’s flatbed spot rate was still $0.21/mile higher.

View the full report here: https://bit.ly/3ufNujA

#Trendlines #Trucking #Logistics #SupplyChain #Freight #Flatbed #Re**er #DryVan

Trendlines shows a weekly snapshot of the month-to-date for national average rates from DAT RateView. National average spot market rates for the past four months, including fuel surcharges, are shown in the three graphs, above.

09/24/2021

Retail shopping expected to increase during supply chain struggles - DAT

[Market Conditions: Van] Intermittent factory shutdowns and a backlog of container ships waiting to unload strikes fear into supply chain experts heading into the holiday season. Van spot rates remain flat at $2.51/mile.

Read more: https://bit.ly/3i51PdL

#Trucking #Logistics #SupplyChain #Freight #DryVan

Retailers struggle to meet increasing consumer demand as cargo ships waiting off shore continue to climb.

09/24/2021

Gulf of Mexico hurricanes disrupt Canada’s potato harvests - DAT

[Market Conditions: Re**er] Prince Edward Island grows one-quarter of the potatoes in the country. The excessive rain from hurricanes Ida and Larry have devastated the Island’s crops. This has delayed farmers' ability to begin harvest. Re**er spot rates continue to rise, as they increased $0.02/mile last week.

Read more: https://bit.ly/3kzGyL8

#Trucking #Logistics #SupplyChain #Freight

The recent hurricanes has waterlogged Canadian fields, making it difficult for farmers to begin this season's harvest.

09/23/2021

Flatbed availability and spot rates stabilize in New Orleans - DAT

[Market Conditions: Flatbed] Tractor sales are 10% higher than this time last year and 25% higher than the five year average. Other farm machinery, such as self-propelled combines, are seeing an increased number of sales as well. Flatbed spot rates continue their consistency, only budging a penny in either direction over the past few weeks.

Read more: https://bit.ly/3ky9l2D

#Trucking #Logistics #FlatBed #SupplyChain #SpotRates #Freight

The New Orleans flatbed market appeared to get back to normal shipping volumes after two slow weeks following Hurricane Ida.

09/23/2021

Chris Caplice is joined by Paul Page, Editor of the Wall Street Journal Logistics Report. Paul shares his thoughts on congestion, air cargo and silver linings from Covid-19. Additionally, he tells his best story from the last 18 months.

Hear more from Paul Page in the latest #freightvine episode.
https://bit.ly/3ACHx2L
And stay tuned for the #DATiQ market update and contract rate forecast.

Chris Caplice is joined by Paul Page, Editor of the Wall Street Journal Logistics Report. Paul shares his thoughts on congestion, air cargo and silver linings from Covid-19. Additionally, he tells his best story from the last 18 months.

Hear more from Paul Page in the latest #freightvine episode.
https://bit.ly/3ACHx2L
And stay tuned for the #DATiQ market update and contract rate forecast.