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Spot truckload freight hit new highs in January, nearly $1 a mile higher than a year ago, according to DAT Freight & Analytics, even as the number of loads moved dropped throughout the month.
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Spot rates for truckload van freight and reefers reach record high averages the last week of December 2021.
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Prices for truckload services spiked to their highest levels yet in October, reflecting shippers’ willingness to pay a premium to move goods through their supply chains, according to DAT Freight & Analytics.
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An analytical look at consumer spending, the pandemic, and the spot market — where we've been, where we're headed, and what that means for owner-operators and fleets.
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While some have predicted a cliff-event drop in spot rates like in 2018, there is evidence that we may instead see more of a contract rate extended plateau, similar to what we saw in 2011-2012, Jeff Kauffman suggests.
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The trucking industry, and the supply chain as a whole, are in an upcycle, but analysts suspect that the industry has reached its peak.
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The DAT Truckload Volume Index, a measure of dry van, refrigerated and flatbed loads moved by truckload carriers, fell 2% in January from December 2020.
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Average spot truckload van and refrigerated rates were virtually unchanged last week, a sign of price stability after January’s declines, according to DAT.
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Spot truckload rates for dry van and refrigerated freight hit another high in October, according to DAT Freight & Analytics, while average flatbed rates also increased compared to September, they did not surpass 2018’s highs.
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After surging for the last five months, spot truckload rates have gone flat according to DAT, with demand for trucks softening during the week ending October 18.
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