DAT’s Caplice reviews spot market strategy for 2024 budget planning

In this podcast, DAT's Caplice provided an overview of the current state of the spot market in the transportation industry and how recent market fluctuations impacted shippers and carriers.

Other topics discussed included: the importance of transparency and real-time data in spot market strategies and impact cost management and budget planning; specific challenges or risks associated with relying on the spot market for transportation needs and how can companies mitigate these risks effectively; and how an companies strike a balance between leveraging the spot market for cost savings and maintaining strong relationships with contracted carriers, among others.   

Dr. Chris Caplice is the Chief Scientist at DAT Freight & Analytics, which operates the largest truckload freight marketplace in North America and DAT iQ, the industry’s most trusted source of market analysis and truckload pricing data. Dr. Caplice also serves as the Executive Director of the Massachusetts Institute of Technology’s Center for Transportation & Logistics (CTL), and is the founder of the MIT FreightLab, a research initiative that focuses on improving the way freight transportation is designed, procured and managed. Dr. Caplice hosts DAT iQ Freightvine, the podcast where supply chain leaders discuss solutions to the critical issues they face every day.