Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Spot Freight Market Could Be Looking Up

If you’ve given up on the truckload spot freight market or have been using it less because of the past year’s depressed rates, it might be time to give it a second look.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
August 5, 2016
Spot Freight Market Could Be Looking Up

The collapse of oil prices and the resulting pullback from hydraulic fracturing
operations had a major effect on the spot market.

3 min to read


The collapse of oil prices and the resulting pullback from hydraulic fracturingoperations had a major effect on the spot market.

If you’ve given up on the truckload spot freight market or have been using it less because of the past year’s depressed rates, it might be time to give it a second look. External pressures that pushed rates down appear to be easing and rates are finally starting to improve — although they still have a way to go before returning to last year’s levels or the record-setting highs of 2014.

Ad Loading...

That’s according to Mark Montague, industry-pricing analyst with the freight matching and load board services provider DAT Services. In an interview, he said the spot market went to pot in March 2015, with things not showing any real improvement until this spring.

Ad Loading...

The reasons are some of the same that have caused the economy to sputter along, with one of the biggest being lower oil prices. While cheap crude has led to lower fuel prices, those savings have come with consequences.

“The main driving cause was the oil industry collapse with the end of fracking, the end of moving pipe or steel and all other related commodities, which spilled over into the spot market,” he says. “It took a bite out of flatbed freight first of all, then the next bites were in van freight. On top of that, you had the produce market driven by California going to flop because of the drought.”

With the oil industry throttling back, workers in that sector lost jobs and cut their retail spending, which drives so much of the economy. Energy companies also cut their business investment. Even consumers who were saving money on fuel purchases didn’t see a big enough dividend to go out and spend wildly.

However, something happened in April. Retail sales increased by their largest amount in just over a year, with another solid increase in May. Also in May and extending into June, oil and fuel prices started heading higher. And in early June parts of California even saw improvements in drought conditions.

Coincidentally or not, the DAT North American Freight Index came back to life in the spring. The May level was still below that of the previous four years, but higher than it was in the latter part of 2015.

Ad Loading...

Montague says flatbed rates have “really stabilized over the last few months,” and at the beginning of May “we began to see an increase in freight on the spot market for van and reefer freight” which can help bump up rates.

However, there are still factors at work that will keep them from going as high as the industry might like. Linehaul rates, the portion of the spot rate that does not include the fuel surcharge, remains lower than a year earlier for a variety of reasons, including a “race to cut rates in the first half of the year” and truck capacity added by large fleets in 2015. Also manufacturing remains weak, despite some recent improvements in total activity.

Despite these challenges, even one mega-fleet that traditionally relies little on the spot market is turning to it. Swift Transportation announced in June its “spot market participation has increased somewhat” due to the lack of available freight in certain markets.

The benefit, according to Richard Stocking, president and chief operating officer, is it will “keep our trucks moving”.

So while the spot market may not be your favorite place to get freight, it’s better than it has been. More importantly, it beats the alternative of having your trucks sit, generating zero revenue.

Subscribe to Our Newsletter

More Fleet Management

ATA President Chris Spear.
Fleet Managementby Jack RobertsMarch 17, 2026

ATA’s Spear Warns Fuel Prices, Trade Policy, and Global Conflict Could Stall Trucking Recovery

Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.

Read More →
Illustration of author headshot with black-and-white old-fashioned rig in the background

New Entrants, Chameleon Carriers, and Safety: Is It Too Easy to Start a Trucking Company?

More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeMarch 12, 2026

Fleet Managers Invited to Apply for Exclusive HDT Exchange Event

HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.

Read More →
Ad Loading...
DAT iPhone Widget.
Fleet Managementby News/Media ReleaseMarch 12, 2026

DAT Launches iPhone Widget to Help Owner-Operators Find Loads Faster

New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.

Read More →
Optimal Dynamics Scale screen shot
Fleet Managementby News/Media ReleaseMarch 12, 2026

Optimal Dynamics Launches AI System to Help Carriers Choose Better Freight

Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.

Read More →
DAT March 2026 trucking conditions.
Fleet Managementby Jack RobertsMarch 12, 2026

DAT: Flatbed Demand Climbs as Van and Reefer Rates Soften

DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.

Read More →
Ad Loading...
YouTube thumbnail with Mike Roeth of NACFE saying "NACFE's Messy Middle: Which Fuel Wins?"
Fuel Smartsby Deborah LockridgeMarch 11, 2026

Run on Less “Messy Middle” Data Shows Multiple Paths Forward for Truck Powertrains [Watch]

NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.

Read More →
Illustration of crowded New York street overlaid with dollar signs
Fleet Managementby Deborah LockridgeMarch 11, 2026

Federal Court Lets NYC Congestion Pricing Continue

A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.

Read More →
Fontaine Modification Access365
Fleet Managementby News/Media ReleaseMarch 10, 2026

Fontaine Modification Launches Real-Time Truck Modification Tracking Portal

Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”

Read More →
Ad Loading...
FTR Tucking Conditions March 2026.
Fleet Managementby Jack RobertsMarch 10, 2026

FTR: Trucking Conditions Index Climbs to Highest Level Since 2022

Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.

Read More →