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Spot truckload freight rates appear to have stabilized after flatbeds trended slightly higher the past few weeks while vans and reefers moved downward, according to new figures from the freight matching service provider DAT Solutions.
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Intermodal rates rose in January by the largest amount in more than two years, while truckload linehaul rates retreated, according to one measure.
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The flatbed market continued to be the brightest of the three major spot truckload sectors last week, according to new numbers released by DAT Solutions, based on activity from its load boards.
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A measure of the spot truckload freight market edged downward in January as the level of freight settled into a typical post-holiday pattern, though at significantly elevated levels compared to this time last year.
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Data suggests that freight rates for truckload linehaul and intermodal movements may finally be headed higher, after being frozen in lower territory the last couple of years, says Business Contributing Editor Evan Lockridge in his February Hotline column.
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A 7.7% gain in spot truckload freight volume and a 2.1% dip in capacity were not enough to buoy spot truckload rates during the week ending Feb. 4, according to DAT Solutions and activity from its network of load boards.
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Spot truckload freight volume continued a seasonal decline, falling 12% for the week ending Jan. 28 compared to the previous week, but overall rates moved little, according to DAT Solutions and its network of load boards.
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After an 18% gain the previous week, spot truckload volume retreated 14% for the week ending Jan. 21 as rates declined in two of the three different sectors, according to DAT Solutions.
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Three measures of freight activity and spending were mixed, according to new figures, but the outlook for their performances has improved, according to Cass Information Systems.
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While truckload volumes increased 18% on the spot freight market a 34% hike in available truck capacity sent both rates and load-to-truck ratios lower for the week ending Jan. 14, according to DAT Solutions and its network of load boards.
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