U.S. Bank and DAT Freight & Analytics collaborated to produce new quarterly research on U.S truck freight rates.
“Our collaboration with DAT Freight & Analytics is about building on the insights we can deliver to shippers and carriers so they can make better business decisions,” says Jeff Pape, general manager of U.S. Bank Freight Payment. “In addition to the volume and spend data and analysis included in our Freight Payments Index, we know our clients will value the spot, contract and fuel rates in this additional report.”
“The freight market is rarely one-dimensional, and looking at financial or rate data in isolation only tells half the story,” says Ken Adamo, GM, shipper and chief of analytics at DAT. “By layering DAT’s benchmark analytics on top of transaction volume from U.S. Bank, we’re helping shippers bridge the gap between settlement data and real-time market dynamics. This composite view moves the industry beyond simple observation to actionable intelligence, ensuring stakeholders can anticipate volatility rather than just reacting to it.”
Key takeaways:
· Results reveal that spot rates jumped 3% in October before falling 1.1% to $1.65 per mile in November. Contract rates have held steady in recent months and were at $2.02 in November. Both spot and contract rates are up less than 1% when compared with a year earlier.
· Fuel surcharges, meanwhile, jumped 7.5% in November due to refinery outages. The report noted that “national diesel prices dropped that month … a reminder that fuel surcharges don’t always track pump prices in real time.”
