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Rates on the spot market showed little to no improvement over the past week, with little of the usual after-Labor-Day jump in available freight .
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Rates and the amount of available freight on the spot market continue to be lackluster, but there is an indication prices could pick up at least somewhat in the near future.
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Freight volume followed a common seasonal pattern of declining in August on the spot freight market as linehaul rates also moved lower, pushing the latest DAT North American Freight Index down for the second straight month.
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Spot truckload van and refrigerated freight rates finally recovered a little last week after a period of higher demand and declining fuel surcharges, while flatbeds continued to lose ground, according to DAT Solutions, which operates the DAT network of load boards.
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Rates on the spot freight market keep moving slowly downward as the amount of freight to haul edged just slightly higher by 0.1% overall over the past week.
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Spot truckload rates, including fuel surcharges, remained nearly unchanged over the past week as overall load availability fell 5.5% during the week ending Aug. 22, according to DAT Solutions.
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Spot market freight volume and rates fell in July, following a typical seasonal pattern, according to the latest DAT North American Freight Index.
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The amount of freight available on one spot network moved slightly higher last week, but it was only enough to push rates up a little bit in one sector.
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The FTR Trucking Conditions Index for June jumped up 56% from May to a reading of 7.66, hitting the highest level of 2015 so far.
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The number of spot market loads available on DAT's network of load boards increased 3.8% for the week ending Aug. 1 compared to the previous seven days, as truck capacity fell by 2.7%.
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