DAT 2024 Freight Focus report outlines the issues that will shape the year ahead
December 13 2023 - 8:22AM
Business Wire
Soft pricing. Unpredictable costs. Threats of fraud and
cybercrime. Freight shippers, brokers and carriers are shifting
tactics and accelerating the use of market data and AI-driven
analytics as they grapple with a shifting business landscape,
according to the 2024 Freight Focus Report from DAT Freight &
Analytics.
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the full release here:
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DAT 2024 Freight Focus (Graphic: DAT
Freight & Analytics)
With insight from DAT iQ’s analytics team, the report outlines
key themes for 2024:
- Shippers are using a more dynamic approach to procurement by
mixing contract, dedicated and spot-market capacity.
- The expanding role that freight brokers are playing in
shippers’ strategic planning.
- The unconsidered risk of poor data quality and insufficient
data-science support on transportation operations.
- How business conditions in the coming year will test carriers’
ability to forecast demand and negotiate rates.
- Why the expanding scope of AI and machine learning will reduce
risk in the supply chain, whether it’s for assessing partners or
pricing truckload services.
“There will be more freight-related data than ever in 2024,”
said DAT President and CEO Satish Maripuri. “Advanced analytics can
crack the code on what those millions of data points will mean for
your business in the year ahead. Shippers, brokers and carriers
should prepare for an AI revolution and learn what separates
breakthrough value from just marketing slogans.”
“We saw unstable markets through the pandemic, materializing
into an extremely soft market post-pandemic. DAT’s data and
analytics help us balance out and understand what the market bears
today versus what the long-term future could look like,” said
Jessica Jones, Director of Truckload Pricing, Forward Air. “We’re
using everything from RateView to Ratecast to DAT’s RFP tool to
coach our people around trends and changes inside the
marketplace.”
DAT’s 2024 Freight Focus report outlines top freight lanes and
more keys to success for transportation decision-makers in the
coming year. It’s free and available to download at
dat.com/2024-DAT-Freight-Focus.
About DAT Freight & Analytics
DAT Freight & Analytics operates the largest truckload
freight marketplace in North America. Shippers, transportation
brokers, carriers, news organizations and industry analysts rely on
DAT for market trends and data insights based on more than 400
million freight matches and a database of $150 billion in annual
market transactions.
Founded in 1978, DAT is a business unit of Roper Technologies
(Nasdaq: ROP), a constituent of the S&P 500 and Fortune 1000
indices.
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version on businesswire.com: https://www.businesswire.com/news/home/20231213793005/en/
Annabel Reeves Corporate Communications, DAT Freight &
Analytics PR@dat.com / annabel.reeves@dat.com; 503-501-0143
Stephen Petit SiefkesPetit Communications 425-443-8976
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