Roper's DAT Freight & Analytics: July Freight Volumes & Rates Chilled By Seasonality
Portfolio Pulse from Nabaparna Bhattacharya
Roper Technologies' business unit, DAT Freight & Analytics, reported a slump in truckload freight volumes in July, with national benchmark spot rates for dry van and refrigerated loads retreating from their June gains. Despite the month-over-month declines, the reefer and flatbed TVI numbers were the highest on record for July. ROP shares are trading lower by 0.41% to $484.73.
August 18, 2023 | 5:21 pm
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Roper Technologies' shares are trading lower following the report of a slump in freight volumes in July by its business unit, DAT Freight & Analytics.
The reported slump in freight volumes by Roper Technologies' business unit, DAT Freight & Analytics, could be a cause for concern for investors, potentially leading to a decrease in the company's stock price.
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