American Journal of Transportation: Spot truckload freight trends from DAT One and DAT iQ
Load posts settled 12% lower ahead of Memorial Day weekend
Load posts settled 12% lower ahead of Memorial Day weekend
Data from Truckstop and FTR Transportation Intelligence for the week ending May 16 showed expected robust increases in broker-posted spot rates for dry van and refrigerated equipment due to the annual International Roadcheck roadside inspection event.
Outgo co-founder and CEO Marcus Womack said the acquisition "will allow us to continue to develop payment innovations at a greater scale."
Despite recent breakthroughs with China and the United Kingdom, the nation's global trade environment is hostile and forecasts are dim.
The number of posted loads on DAT One jumped to 2.9 million, the highest weekly total for the year and a 28.6% increase compared to the previous week.
Preliminary numbers from ACT Research looking at used Class 8 truck sales show sizable increases in sales in April.
DAT Freight & Analytics, a provider of market trends and data insights for the logistics industry, has acquired a fintech company and factoring service that automates invoice payments and other back-office functions for trucking companies.
DAT Freight & Analytics acquired Seattle-based back-office payment specialist Outgo for an undisclosed sum, the company said May 15.
DAT Freight & Analytics has entered the payments business with its acquisition of Outgo.
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.