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Truckload rates on the spot freight market increased sharply in two of the three equipment types during the first week of May, according to new figures released by DAT Solutions and based on its network of load boards.
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Two separate measures of spot market truck freight volume turned lower in April following an improvement the month before.
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The number of spot market loads jumped 9% during the final week of April compared to the previous week, according to DAT Solutions and its network of load boards, but rates showed hardly any improvements.
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The number of available spot market loads slipped 2% while posted capacity was flat during the week ending April 23, according to DAT Solutions and it of load boards, leaving rates nearly unchanged.
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A decline in available freight and an increase in truck capacity pushed spot truckload rates down across all three equipment types during the week ending April 16, according to DAT Solutions and its network of load boards.
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A measure of truckload linehaul rates moved lower last month compared to a year earlier for the first time since May 2010 as intermodal freight rates continued their downward slide.
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Spot freight rates eased off the gas as spot truckload volume dipped 1% and the number of posted trucks increased 6.2% for the week ending April 9, according to DAT Solutions and its network of load boards.
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Spot market freight volume got a 38% percent boost from seasonal freight in March, but the DAT North American Freight Index remains at one of its lowest levels in years, according to newly released figures.
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Spot truckload volume increased 11% during the week ending April 2 as shippers moved freight out the door to close the first quarter on a high note, according to DAT Solutions and its network of load boards.
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A rally for spot truckload rates and load-to-truck ratios seen the week before turned out to be short lived with overall lower freight volume moving lower for the week ending March 26, according to DAT Solutions and its network of load boards.
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