DAT: Freight markets still reeling from historic storms

With our first major winter storm event in the post-ELD era in the books, the impact on truckload capacity was evident, as many carriers struggled to rebalance their networks last week. National average spot rates are around the same levels we’d normally see during the post-Christmas holiday break when many drivers take time off to be with their families. The 2021 polar vortex event created similarly tight capacity, driving up spot rates in the process. Watch DAT iQ Live: Join the DAT iQ team live on YouTube or LinkedIn Live weekly.  NEW! Get deep visibility into contract rates with the Freight Market Intelligence Consortium, formerly part of Chainalytics. Get a clear view of tomorrow's rates with the one-of-a-kind RATECAST tool from DAT iQ.