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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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DAT Solutions has launched an online analytics service for transportation and logistics professionals to access truck and load data on the 149 North American markets with the highest concentrations of inbound and outbound freight.
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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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Despite van and reefer load availability increasing for the third consecutive week on the spot market, national average rates in the three major trucking sectors continued moving lower last week as equipment availability rose.
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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 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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