DAT Freight & Analytics, which operates the DAT One network for spot truckload freight and the DAT iQ analytics service, and ACT Research, the leader in industry analysis and forecasting services for commercial vehicle and transportation markets, have entered into an agreement that will enhance the service offerings of both organizations.
“By far, DAT maintains the largest database of truckload transactions than any other marketplace in the industry,” said Tim Denoyer, Vice President and Sr. Analyst at ACT Research. With more than 500-million loads posted each year, DAT iQ provides incredible detail about spot and contract rates through a database of $137 billion in annual market transactions. Kenny Vieth, the President of ACT Research added, “Joining forces to couple the power of DAT’s highly regarded RateView data, with ACT’s strategic forecasting services, will enhance our offerings to the industry.”
Ken Adamo, DAT’s Chief of Analytics, commented, “ACT Research provides a critical service to the industry. We’re excited about how our collaboration will enhance their spot and contract rate forecasting to benefit shippers, carriers, brokers, and all stakeholders alike.”
ACT Research utilizes proprietary Class 8 equipment population and driver analysis, with award-winning economic forecasting, to predict DAT rates over a 2-3-year window. “We add value by applying our expertise in freight volume and capacity dynamics to predict where rates are headed in the future. The depth and breadth of DAT’s data will help us to further refine our forecasting accuracy,” Denoyer concluded.
ACT’s Q2’22 forecasts for DAT spot rates, net fuel, from a year out, were 98.7% accurate in the ACT Freight Forecast. The standard deviation of this data set on a quarterly basis is 19%.
Both Adamo and Denoyer will be on stage at DATCON22, DAT’s annual user conference for transportation and logistics professionals, this October 5-7. The event will be held in Austin, TX, at the AT&T Hotel and Conference Center, and include workshops, networking events, and topical guest sessions. For more information about DATCON22, click HERE.
DAT operates the largest truckload freight marketplace in North America. Transportation brokers, motor carriers, news organizations and industry analysts rely on DAT for market trends and data insights based on 500 million freight matches and a database of $137 billion in annual market transactions. Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500 and Fortune 500 indices.
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s 68th Seminar is scheduled for February 21-23, 2023. Look for more details on this event over the coming months and save the date for February’s event. When details are available, they may be found at www.actresearch.net.
With numerous technology applications and a current lack of mass adoption, the path to understanding the autonomous technology horizon is quality economic modeling. ACT Research, the gold standard in market data, forecasting, and total-cost-of-ownership development for the commercial vehicle market, has developed DRIVING AUTOMATION, a report aggregating relevant market information, diving deep into autonomous models, and presenting a technology adoption rate forecast over a 20-year horizon. To learn more about DRIVING AUTOMATION, click HERE.
For businesses working to understand the future of decarbonized powertrains across Classes 4-8 vehicles, ACT Research is continuing to develop and report groundbreaking analyses of various propulsion systems' evolution of battery and fuel cell electric and hydrogen internal combustion, government regulations and subsidies, electric, hydrogen, natural gas, and gasoline supply, and infrastructure as well as a TCO model of 50 unique vehicle applications across North America, Europe, and China through 2040. To join ACT Research in this effort as we work to develop our third edition of CHARGING FORWARD, a decarbonization forecast thru 2040, and to learn more, click HERE.
Click below to:
Access more information about ACT’s Freight Forecast, U.S. Rate and Volume OUTLOOK.
Access information about ACT’s freight-related databases.
Stay up-to-date on the freight market with our monthly Freight Focus email