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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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Unseasonably high freight volumes combined with higher fuel prices and rough winter weather pushed spot truckload rates upward to start 2017, according to DAT Solutions and its network of load boards, while a separate measure showed the market improved for the sixth straight month in December.
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Strong load-to-truck ratios during the final week of 2016 led to some of the highest spot truckload rates of the year, according to DAT Solutions and its network of load boards.
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Traditionally, transportation and logistics managers start planning in earnest for the coming bid season with a look back at the previous year for indicators about the future. Well, consider that tradition officially “bucked.”
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