While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.
A first look at the nation’s manufacturing for this month shows business conditions improved just a little from the previous month, remaining strong, while a separate report showed that although new homes sales fell last month, they posted a double-digit gain compared to a year ago.
The April Truck Tonnage Index rebounded from a dip in March, indicating a robust freight environment, according to the American Trucking Associations.
The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
Old Dominion Freight Line has announced a general rate increase of 4.9% that will apply to rates established under the existing IDFL 59, 670, and 550 tariffs, effective June 4.