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Spot rates for refrigerated truckload freight are trending higher in the key produce states of California, Texas and Florida, while cargo volume posted a 10% increase over the past week, according to DAT Solutions.
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Following a dismal February performance, Spring has sprung on the spot freight market, with rates moving higher in all three trucking categories for the first time in several weeks.
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Despite greater demand for truckload services, national average van, reefer, and flatbed freight spot rates all slipped for the week ending February 27 compared to the previous week, according to DAT Solutions and its network of load boards.
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Shippers and brokers posted more loads on the spot market for the week ending Feb. 20 while the number of available trucks moved slightly lower, according to DAT Solutions and based on its network of load boards, but rates held steady during the time of year they usually gain at least a little.
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Spot-market load availability moved a little higher last week, but it was not enough to outweigh a gain in truck capacity, with rates continuing to fall.
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UPDATED -- U.S. spot-market load availability fell 5.6% during the week ending Feb. 6, with the number of van and refrigerated loads dropping 17% and 12%, respectively, according to DAT Solutions and its network of load boards.
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Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.
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Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.
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First, the good news. Last week’s winter storms had minimal effect on spot market truckload freight rates and load-to-truck ratios. Now, the bad news. Both managed to slip all on their own, with rates in the three major sectors being the lowest in at least the last four weeks.
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After spiking at the start of the year, truckload rates and load-to-truck ratios on the spot market slid downward during the week ending Jan. 16, according to load board operator DAT Solutions.
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