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The May Truck Tonnage Index increased slightly from the previous month and still reflects one of the best freight markets ever, according to American Trucking Associations.
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National average spot market truckload rates moved slightly higher on the DAT Solutions network of load boards last week as both the number of posted loads and trucks also rose, amid signs of tighter capacity.
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While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.
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The number of loads on the spot truckload freight market jumped 3.6% during the week ending March 24 while truck capacity increased 1.3%, according to DAT Solutions.
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Anheuser-Busch has signed a multi-year partnership agreement with the Convoy freight matching network, a move some observers say gives Convoy a leg up in the race to see who will win in the "Uber for Trucking" space.
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Truckstop.com has announced the release of Rate Analysis, a rate platform that allows customers to use market data and their rate history to make quick and data-driven decisions on their shipping rates.
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Freight-matching load board company Internet Truckstop has rebranded as Truckstop.com, the company's CEO announced.
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The fourth-quarter Transport Capital Partners survey suggests the slow, but upward growth of the economy is moving the freight market to a higher level.
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The year began below what many companies had expected, though economic growth, the aftermath of winter storms and new housing starts made for a fairly strong Q2. In fact, many of the up-and-coming freight brokerages reported banner months in Q2 as their strategies took market share from competitors and they grew the overall size of the brokerage market.
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