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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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Amid extreme weather and tight capacity, national average spot truckload rates saw double-digit increases during the week ending Jan. 6, according to DAT Solutions and its network of load boards.
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National average spot van and refrigerated truckload rates ended 2017 at their highest point of the year as capacity tightened during the week ending Dec. 30. That’s according to newly released figures from DAT Solutions, based on its network of load boards, as the freight matching service provider also released its list of the top 10 hottest spot freight markets last year.
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National average spot truckload rates for van and refrigerated freight eased down from record highs during the week ending Dec. 16, according to DAT Solutions and its network of load boards.
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Newly released figures show truckload linehaul rates as well as those for intermodal shipments moved higher again in November, when compared to a year earlier. But they also showed declines from the month before.
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Despite current fires in Southern California surpassing the size of October’s Sonoma County blaze, the impact on the freight market has been limited, according to a report by FTR.
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The national average spot truckload van rate increased 1 cent to $2.10 per mile during the week ending Dec. 9, touching a three-year high, according to DAT Solutions and its network of load boards.
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Spot truckload freight volumes surged after Thanksgiving, as the number of loads posted on the DAT network of load boards jumped 64% for the week ending Dec. 2, according to newly release figures.
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While the short Thanksgiving workweek meant fewer loads and trucks posted on the spot truckload freight market demand for capacity boosted van and refrigerated freight rates, according to DAT Solutions and its network of load boards.
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A measure of truckload linehaul rates hit an all-time high last month, according to one latest measure, while a separate report showed another gain when it comes to intermodal rates.
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