Spot truckload rates for van, refrigerated, and flatbed freight set new records in January as capacity remained tight due to shipper demand and fallout from the electronic logging device mandate, according to load board operator DAT Solutions.
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It’s impossible to gauge the full impact of the electronic logging device mandate yet, between temporary exemptions and a phased-in enforcement period, and in fact we may not know the true effect on the industry until rates soften significantly, according to FTR analysts.
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National average spot truckload rates continued their decline into February but remain unseasonably high, according to new figures based on the DAT Solutions network of load boards.
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Spot truckload freight rates continued trickling lower for the third straight week for the week ending Jan. 27, according to new figures release from freight matching service provider DAT Solutions. Despite this drop, rates remained higher than at any point in 2017, based on information from this network of load boards.
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A measure of the nation’s freight market showed gains in both spending and shipments during the fourth quarter of 2017, but the strength of the advances differed widely.
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There is increasing evidence that the supply of trucks available to move freight is outpacing demand, based on a flurry of recently released reports – but it’s also helping push freight rates higher. What's behind the capacity crunch?
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National average spot van and flatbed rates fell slightly and the refrigerated rate was unchanged during the week ending Jan. 20 as there were fewer loads and an increase in truck capacity, according to DAT Solutions and its network of load boards.
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A measure of truckload linehaul rates has hit a new record high while a separate gauge of intermodal shipping rates showed it posted its 15th straight increase.
Read More →National average spot truckload rates declined as the number of available trucks jumped 52% during the week ending Jan. 13, according to DAT Solutions and its network of load boards, however van, refrigerated, and flatbed freight rates remain higher than at any point in 2017.
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Truckload capacity will remain tight and rates high, but both may moderate somewhat as market forces come into play, according to FTR analysts. The ELD mandate is still a wild card, with the economy and tax reform playing a part as well.
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