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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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Fallout from Hurricane Matthew and the Hanjin Shipping bankruptcy helped push spot market rates higher over the past week, according to the freight matching service provider DAT Solutions, while a separate report shows rates in September were mixed when compared to the previous month and a year ago.
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Spot truckload freight rates showed either a big improvement or turned in a disappointment over the past week while a monthly gauge of the market reveals its best performance of the year, according to DAT Solutions and its network of load boards.
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Following a dismal February performance, Spring has sprung on the spot freight market, with rates moving higher in all three trucking categories for the first time in several weeks.
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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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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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