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Pre-Thanksgiving shipping boosted demand for vans and refrigerated capacity on the spot truckload market during the week ending Nov. 21, but it barely had a positive result on rates.
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Increased truck availability and few available loads to move pushed spot market truckload rates down again over the past week, but one analyst says it's possible they have bottomed out.
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Taken separately, new reports on freight movements in the U.S. on freight volume, shipper spending and even the spot market seem to run almost counter to one another. A deeper dive into the analysis shows why activity has slowed but is not widespread.
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Signaling the movement of holiday goods, the number of posted van and refrigerated loads on the spot truckload market increased as the rate in one of the three major sectors moved slightly higher for a change.
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If you are looking to the spot market to move some freight, it remains a good news/bad news situation, based on recent numbers.
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There seems to be no let-up when it comes to weekly declines for rates on spot truckload freight market, as the amount of available cargo has also moved lower.
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Following a surge to close out September, the number of posted loads on the spot truckload market dropped 11% during the week ending Oct. 10, according DAT Solutions, which operates the DAT network of load boards.
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Spot market freight volume remained relatively stable in September, edging down only 0.6% month over month as rates declined from both the month before and a year earlier, according to monthly numbers from DAT.
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The number of posted loads on the spot market jumped 5.7% for week ending Oct. 3, as shippers rushed to move inventory before the end of the quarter while available truck capacity fell 4.5%, but the changes were not enough to advance rates.
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Freight rates on the spot market continue in their holding pattern, moving up little from one week to the next, according to the freight-matching service DAT Solutions.
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