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A 7.7% gain in spot truckload freight volume and a 2.1% dip in capacity were not enough to buoy spot truckload rates during the week ending Feb. 4, according to DAT Solutions and activity from its network of load boards.
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Spot truckload freight volume continued a seasonal decline, falling 12% for the week ending Jan. 28 compared to the previous week, but overall rates moved little, according to DAT Solutions and its network of load boards.
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Atlanta was the hottest place to find spot truckload freight in 2016, according to DAT Solutions, which operates the largest on-demand freight exchange for spot market truckload freight.
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After an 18% gain the previous week, spot truckload volume retreated 14% for the week ending Jan. 21 as rates declined in two of the three different sectors, according to DAT Solutions.
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While truckload volumes increased 18% on the spot freight market a 34% hike in available truck capacity sent both rates and load-to-truck ratios lower for the week ending Jan. 14, according to DAT Solutions and its network of load boards.
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Unseasonably high freight volumes combined with higher fuel prices and rough winter weather pushed spot truckload rates upward to start 2017, according to DAT Solutions and its network of load boards, while a separate measure showed the market improved for the sixth straight month in December.
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Strong load-to-truck ratios during the final week of 2016 led to some of the highest spot truckload rates of the year, according to DAT Solutions and its network of load boards.
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Traditionally, transportation and logistics managers start planning in earnest for the coming bid season with a look back at the previous year for indicators about the future. Well, consider that tradition officially “bucked.”
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The amount of freight available to haul from the spot truckload market surged in November as rates generally moved higher, according to newly released figures from DAT Solutions and its network of load boards, while both slowed a little during the first full week in December.
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The number of available loads on the spot truckload freight market surged last week compared to the previous week as expected, following the Thanksgiving holiday, while rates moved to their best levels out of the last four weeks, according to DAT Solutions.
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