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While a measure of total U.S. freight shipments in October broke a string of being in negative territory for 20 months, November fell back while separate reports for the month show an improvement in intermodal rates for the second consecutive month while truckload linehaul rates turned lower.
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The amount of freight available to haul from the spot truckload market surged in November as rates generally moved higher, according to newly released figures from DAT Solutions and its network of load boards, while both slowed a little during the first full week in December.
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The number of available loads on the spot truckload freight market surged last week compared to the previous week as expected, following the Thanksgiving holiday, while rates moved to their best levels out of the last four weeks, according to DAT Solutions.
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Spot market truckload freight rates during the Thanksgiving holiday week remained in the same fairly narrow range they have been for the past month, according to DAT Solutions and its network of load boards.
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Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.
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Following some improvements with both rates and freight availability on the spot truckload freight market the first week of the month the following week was one that gave back some gains.
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While October was the second strongest month for spot market freight availability so far this year there were only small improvements in rates, according to the freight matching service provider DAT Solutions and its North American Freight Index.
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Spot market truckload rates and the amount of available freight posted gains for the week ending Nov. 5 as the number of trucks posted slipped, according to DAT Solutions and its network of load boards.
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While the number of available spot market loads fell and rates showed only little improvement in the final week of October, freight volume during the month was better than a year ago, according to DAT Solutions and its network of load boards.
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While there were slightly more loads and trucks on the spot market during the week ending Oct. 22, according to DAT Solutions and its network of load boards, rates moved little from the week before.
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