DAT Freight & Analytics

04/17/2021

Produce shipping season shaping up to be one-of-a-kind - DAT

[Market Conditions: Re**er] Combined with fewer re**er load posts and more truck posts last week, re**er spot rates dropped $0.04/mile to $2.62/mile. Compared to this time last year, re**er spot rates are $0.84/mile higher and remain at record high levels — even $0.51/mile higher than this time in 2018.

Read more: https://bit.ly/3mX6hMR

#Trucking #Logistics #SupplyChain #Freight

The 2021 produce season is shaping up like no other for California brokers, carriers and shippers, given how tight capacity already is and how much higher re**er spot rates are compared to this time last year.

04/16/2021

Consumer confidence data offers clues for future truckload demand - DAT

[Market Conditions: Van] Dry van spot rates reversed course last week, decreasing by $0.04/mile to end the week at $2.35/mile, (excluding fuel). However, spot rates are $0.82/mile higher than this time last year when the pandemic lockdown started. During the last capacity crunch in 2018, last week’s dry van spot rate was $0.48/mile higher.

Read more: https://bit.ly/3uViX9Z

#Trucking #Logistics #SupplyChain #Freight #DryVan

For carriers, brokers and shippers looking down the road to gauge consumer demand, the latest consumer confidence data from the Conference Board indicates consumers are feeling more optimistic about the economic recovery.

04/16/2021

Vidalia shipments to add to already tight capacity crunch - DAT

[Market Update] Each year Vidalia Onion devotees eagerly await the announcement of the “pack date” – the time shoppers will soon be able to purchase the product. Nearly 40% of the sweet onion market is grown in Georgia. With a high demand for temperature-controlled equipment, moving this year’s harvest of Vidalia Onions will be a tight crunch as it overlaps with South Carolina’s peach season.

Learn more in this week’s market update: https://bit.ly/2RKvQ8J

#Trucking #Logistics #SupplyChain #Freight

This year's pack date is set for April 16 and usually runs through to the end of August.

04/16/2021

DAT partners with Equifax to update Days-to-Pay calculations - DAT

DAT partnered with Equifax to update the way the load board calculates a broker’s average Days to Pay with greater accuracy.

Learn more about our partnership here: https://bit.ly/3aymnrF

#Equifax #Brokers #Freight

When capacity is tight, brokers need to make sure their freight is attractive to prospective carriers. One way is to advertise their dependability, as proven by a high credit score and a low Days-to-Pay average.

04/15/2021

DAT Truckload Volume Index: Both spot van and re**er rates set records in March - DAT

[News Release] The total number of loads posted on the DAT network increased 22.3% month over month while the number of available trucks was up 30.9%, indicating a return of traffic after being disrupted by February weather.

Read more about the release here: https://bit.ly/3smmGvA

#Freight #TruckloadFreight #SupplyChain #Trucking

Spot truckload van and refrigerated freight rates hit all-time highs in March, said DAT Freight & Analytics, operators of the industry’s largest online freight marketplace and data analytics service. Demand for flatbed transportation, driven by strong construction and manufacturing activity, also ...

04/14/2021

FedEx Custom Critical Continues to Provide the “Purple Promise” Despite the Pandemic | Ramona Hood

Ken Adamo sits down with his former manager, Ramona Hood, President & CEO of FedEx Custom Critical, to discuss the challenges and learnings of the COVID-19 pandemic.

Hear more from Ramona Hood in the latest #FreightFocus episode on our Youtube channel: https://bit.ly/2QmCOA3

This interview is also available to listen at https://bit.ly/2QmcdTI, where you can find our other podcast series, #Freightvine released every other Thursday.

#FedEx #CustomCritical #Covid19 #Freight

Ken Adamo sits down with his former manager, Ramona Hood, President & CEO of FedEx Custom Critical, to discuss the challenges and learnings of the COVID-19 p...

04/13/2021

Trucking Industry Trends: April 5-11, 2021

📊 Trucking Industry Trends: April 5-11, 2021 📊

West Coast port container import volumes increased by 69% year-over-year in March, breaking a 110-year-old record. March is typically one of the slowest months on the container import calendar, but with e-commerce retail sales accelerating and inventories low, higher freight volumes for truckload carriers in port markets are set to continue. In Los Angeles, the largest port in the country, capacity remains tight following the fourth week of spot rate increases in a row.

View the full report here: https://bit.ly/32chjV2

#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.

04/13/2021

Why truckload contracts aren't like other business contracts - DAT

Transportation costs are not like other business expenses. They’re affected by many different factors, and not always in the same ways as other commodities your company is accustomed to purchasing.

Learn more about why truckload contracts aren't like other business contracts in the latest blog: https://bit.ly/2Qp2bRO

#Transportation #Freight #Trucking #TruckloadContracts

Transportation costs are not like other business expenses. They’re affected by many different factors, and not always in the same ways as other commodities your company is accustomed to purchasing.

04/12/2021

Female truckers have become TikTok influencers, and they're changing the transportation game

These truckers have become TikTok influencers by sharing their insights and experiences on what it's like for women to work in this industry.

Read more from the article here: https://bit.ly/3uNr1cC

TikTok truckers are using social media to educate people about their profession.

04/12/2021

Van rates remain 31% higher compared to last year - DAT

[Market Conditions: Van] Dry van spot rates continued climbing last week, increasing $0.03/mile to end the week at $2.39/mile, excluding fuel. Spot rates remain up 31% compared to the same week in 2020.

Read more: https://bit.ly/3mQ832F

#Trucking #Logistics #SupplyChain #Freight #DryVan

The American Trucking Associations’ For-Hire Truck Tonnage Index decreased 4.5% in February after increasing by 1.8% in January. Compared with February 2020, the index is down by 5.9%.

04/10/2021

Trucking AMA - Parking - Tommy

DAT #truckingAMA 🚚 Where can you find parking? Scottish Trucker Tommy weighs in. Watch the full video on YouTube.⁠ https://bit.ly/3t7dnAZ
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#truckinlife #trucking #bigrigs #truckin #loadboard

04/10/2021

VIDEO: How much should I charge for detention? - DAT

Getting detained by a shipper or receiver is costly, especially if that detention time causes the truck to miss the next pickup or delivery.

How much should a carrier charge for detention? We asked insiders as part of our Trucking AMA series. Watch here: https://bit.ly/39Y1ENi

Getting detained by a shipper or receiver is costly, especially if that detention time causes the truck to miss the next pickup or delivery.

04/10/2021

Re**er capacity tightens in produce markets - DAT

[Market Conditions: Re**er] Capacity remains tight in the temperature-controlled sector as spot rates increased again last week, moving up $0.03/mile to $2.66/mile, excluding fuel. Compared to the same week in 2020, re**er spot rates are now $0.76/mile higher and remain at record high levels.

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

#Trucking #Logistics #SupplyChain #Freight

Early in produce season, we’re seeing reports of truck shortages from the USDA.

04/09/2021

Sales of farm equipment are a strong signal for flatbed freight - DAT

[Market Conditions: Flatbed] Over the past 12 months, we’ve seen consumers spend more on outdoor activities including exercise and sporting equipment, snowmobiles, and furniture to name just a few. The national average flatbed rate increased again for the ninth week in a row

Read more: https://bit.ly/3d4XjKs

#Trucking #Logistics #FlatBed #SupplyChain #3PLs #SpotRates #Freight

Over the past 12 months, we’ve seen consumers spend more on outdoor activities including exercise and sporting equipment, snowmobiles, and furniture to name just a few.

04/09/2021

How General Mills incorporated mini-bids for a more agile supply chain - DAT

General Mills saw a huge spike in demand once the COVID-19 pandemic hit. As a food provider for both retailers/consumers and the industrial market, General Mills not only saw demand increase overall, but also a shift as restaurants closed and more people began working from home. That meant less demand for more portable foods, like granola bars, and higher demand for products that supported full meals.

Read more on how General Mills incorporated mini-bids for a more agile supply chain in our recent blog post: https://bit.ly/3mBu6tM

#SupplyChain #GeneralMills #MiniBids #Agile

General Mills has adopted shorter contracts and mini bids to handle increased demand during the pandemic. In the past, the freight industry largely relied on traditional ways of doing business. But when the COVID-19 pandemic hit in early 2020, it quickly became apparent that the ways companies appro...

04/09/2021

Spot market continues to grow as a percentage of total freight - DAT

Typically, the split between contract and spot freight is somewhere in the 85/15 range – maybe closer to 90% contract / 10% spot when capacity is loose. Starting in June of last year, spot volumes began to accelerate as a percentage of total volume. By the end of 2020, the spit was more like 75/25.

Learn more in this week’s market update: https://bit.ly/3dS0DYv

#Trucking #Logistics #SupplyChain #Freight

Typically, the split between contract and spot freight is somewhere in the 85/15 range. Starting in June of last year, spot volumes began to accelerate as a percentage of total volume.

04/08/2021

10 trucking tips for owner-operators - DAT

For a new owner-operator setting out on their own in the trucking business, there can be unexpected pitfalls. One of the best ways to avoid them is getting advice from those who’ve already done it.

Former carrier and now Principal Analyst at DAT, Dean Croke asks the veteran owner-operator, Bob McMillan what his top 10 trucking tips for owner-operators are. Learn more here: https://bit.ly/3d0yz5L

#Trucking #OwnerOperators #Freight #TruckingTips

For a new owner-operator setting out on their own in the trucking business, there can be unexpected pitfalls. One of the best ways to avoid them is getting advice from those who've already done it.

04/08/2021

Dr. Chris Caplice sits down with Doug Waggoner, CEO of Echo Global Logistics, to discuss how technology and data science have transformed the industry over the last 30 years. In this episode, Doug shares his insights on how the company grew 10x over the last 10 years and walks through Echo’s company goals for supporting and improving D&I within their workplace. Rounding out the discussion, the duo touches on the hot topic of RFPs and what will happen to them in the future.

Hear more from Doug Waggoner in the latest #Freightvine episode here: https://bit.ly/3s3d3BP

04/08/2021

How business expansion can affect your transportation budget - DAT

Expanding your product line or adding new customers are classic ways to grow your business. But that growth also creates new challenges for supply chain managers.

Learn about how business expansion can affect your transportation budget in our blog post: https://bit.ly/2Q77t3U

#Freight #TransportationBudgets #SupplyChain

Expanding your product line or adding new customers are classic ways to grow your business. But that growth also creates new challenges for supply chain managers.

04/07/2021

[Free Webcast] Trucking and transportation experts analyze industry data and insights to share a market report for Q1. Learn more about what to expect from the remainder of 2021 in the Trucking Market Report: First Quarter Review & Outlook webcast, hosted by JOC.com, IHS Markit tomorrow, Thursday, April 8, 2:00 PM EDT.

Speakers:
- Ken Adamo, Chief of Analytics at DAT Freight & Analytics
- Sharon Regan, Director, Supply Chain at Bumble Bee Foods
- William B. Cassidy, Senior Editor, Trucking at JOC, IHS Markit

Reserve your spot for this virtual event now: https://bit.ly/3msgwsE

04/07/2021

Is now a good time to buy a truck, pt. 2 - DAT

Last week we raised the question, Is now a good time to buy a truck? We asked President and Founder of American Truck Business Services, Todd Amen, his thoughts on whether it's a good time to buy a truck.

Read more in our blog: https://bit.ly/3rYwKe7

Recently we addressed the most frequent question asked on our weekly DAT iQ Live series: Is now a good time to buy a truck? This week, we asked a leading industry expert will weigh in with insights.

04/05/2021

Trucking Industry Trends: March 29 - April 4, 2021

📊 Trucking Industry Trends: March 29-April 4, 2021 📊

The capacity crunch caused by extreme weather in February pushed spot rates above contract rates in March, but spot market van rates have dipped back below contract rates in April. Capacity remains tight for re**er and flatbed. For re**er, spot rates have been higher than contract since August, while in flatbed spot rates are now higher than contract for the first time since June 2018.

View the full report here: https://bit.ly/3up2Tgl

#Trendlines #Trucking #Logistics #SupplyChain

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.

04/02/2021

New home demand offers clues to future flatbed demand - DAT

[Market Conditions: Flatbed] The national average flatbed rate increased again last week, making it the eighth straight week of gains. The average spot rate increased $0.03/mile to $2.43/mile, excluding fuel, $0.48/mile higher than the same week in 2020. Compared to 2018, flatbed rates are now $0.20/mile higher.

Read more: https://bit.ly/2PP74De

#Trucking #Logistics #FlatBed #SupplyChain #3PLs #SpotRates #Freight

Often we look at building permit applications and new home starts as indicators of flatbed demand. Sales of new homes are another measure of demand for products, including building material and lumber.

04/02/2021

The MadGaines Live Show is happening in just a few minutes. Be sure to check out the live show at 12 p.m. PT on the topic of, "Are RFPs Truly Needed?"

We’re all excited to hear about what industry leaders think of RFPs, including DAT's Principal Analyst, Dean Croke. Watch it here at noon PT: https://bit.ly/3rMAkrq

04/02/2021

Trucking AMA - Parking

DAT #TruckingAMA 🚚 Where can you find parking? Chamaine Jeffers weighs in. Watch the full video on YouTube.: https://bit.ly/3cJTCJS

#TruckinLife #Trucking #BigRigs #Truckin #LoadBoard

04/02/2021

RFPs are Annoying- are they really necessary?

MadGaines Live is happening in just a few hours. Be sure to check out the live show at 12 p.m. PT on the topic of, "Are RFPs Truly Needed?"

We’re all excited to hear about what industry leaders think of RFPs, including DAT's Principal Analyst, Dean Croke. Watch it here at noon PT: https://bit.ly/31G0VvJ

RFPs are annoying and time consuming for shippers, carriers and brokers. Are there any better options? What are the insider tricks to having a successful bid...

04/02/2021

Dry van rates remain 28% higher than last year - DAT

[Market Conditions: Van] The national average van rate moved up again last week, increasing $0.04/mile to end the week at $2.36/mile, excluding fuel. Spot rates remain up 28% year over year, or $0.66/mile compared to the same week in 2020.

Read more: https://bit.ly/3drV5nk

#Trucking #Logistics #SupplyChain #Freight #DryVan

Dry van load posts on the DAT One load board network increased by just over 2% last week in the top 10 markets, which typically represent around 25% of weekly load posts.

04/01/2021

Suez Canal disruptions could have ripple effects through summer - DAT

One week after one of the world’s largest container vessels lost control and ran aground, blocking the Suez Canal, over 300 vessels were stuck waiting to transit the world’s most important trade route. According to the Suez Canal Authority, around 50 ships per day pass through the canal, which connects Asia, Europe and the United States, making it a key waterway in international trade.

Learn more in this week’s market update: https://bit.ly/3fANzsW

#Trucking #Logistics #SupplyChain #Freight

At a time when the U.S. ports are struggling to overcome surging volumes, the grounding of the Ever Given could result in a ripple effect throughout the intermodal and truckload sectors through the summer.

04/01/2021

4 trigger events for transportation mini-bids - DAT

Transportation mini-bids have grown in popularity in recent years. With sophisticated data analytics, these continuous procurement strategies are easier to execute than they once were, and they can add much needed flexibility to your supply chain.

For many transportation buyers, there are four trigger events for a mini-bid. Find out what they are in our blog post: https://bit.ly/2PuJNqh

Transportation mini-bids have grown in popularity in recent years. With sophisticated data analytics, these continuous procurement strategies are easier to execute than they once were, and they can add much needed flexibility to your supply chain.