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Spot market truckload freight rates during the Thanksgiving holiday week remained in the same fairly narrow range they have been for the past month, according to DAT Solutions and its network of load boards.
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Following some improvements with both rates and freight availability on the spot truckload freight market the first week of the month the following week was one that gave back some gains.
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While October was the second strongest month for spot market freight availability so far this year there were only small improvements in rates, according to the freight matching service provider DAT Solutions and its North American Freight Index.
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Spot market truckload rates and the amount of available freight posted gains for the week ending Nov. 5 as the number of trucks posted slipped, according to DAT Solutions and its network of load boards.
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While the number of available spot market loads fell and rates showed only little improvement in the final week of October, freight volume during the month was better than a year ago, according to DAT Solutions and its network of load boards.
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While there were slightly more loads and trucks on the spot market during the week ending Oct. 22, according to DAT Solutions and its network of load boards, rates moved little from the week before.
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Fallout from Hurricane Matthew and the Hanjin Shipping bankruptcy helped push spot market rates higher over the past week, according to the freight matching service provider DAT Solutions, while a separate report shows rates in September were mixed when compared to the previous month and a year ago.
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As the West Coast feels ripple effects from the bankruptcy of Hanjin Shipping Co., nationally the number of loads on the spot truckload freight market fell 5% during the week ending Sept. 24 compared to the week before as truck capacity increased 3%, according to DAT Solutions, its network of load boards.
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The number of loads on the DAT network of load boards gained 20% during the week ending Sept. 17 compared to the week before and the number of trucks added 19% as the spot market rebounded during the first full week after the Labor Day holiday but it barely translated into higher rates.
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Spot truckload freight rates saw more declines than improvements in both new weekly and monthly figures released by DAT Solutions.
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