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Spot market truckload rates and the amount of available freight posted gains for the week ending Nov. 5 as the number of trucks posted slipped, according to DAT Solutions and its network of load boards.
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While the number of available spot market loads fell and rates showed only little improvement in the final week of October, freight volume during the month was better than a year ago, according to DAT Solutions and its network of load boards.
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While there were slightly more loads and trucks on the spot market during the week ending Oct. 22, according to DAT Solutions and its network of load boards, rates moved little from the week before.
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After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed.
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Truckload linehaul and intermodal rates are continuing their declines despite some slight improvements, according to two new reports.
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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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As the West Coast feels ripple effects from the bankruptcy of Hanjin Shipping Co., nationally the number of loads on the spot truckload freight market fell 5% during the week ending Sept. 24 compared to the week before as truck capacity increased 3%, according to DAT Solutions, its network of load boards.
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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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The number of loads on the DAT network of load boards gained 20% during the week ending Sept. 17 compared to the week before and the number of trucks added 19% as the spot market rebounded during the first full week after the Labor Day holiday but it barely translated into higher rates.
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Forward Air Corp. has become the latest trucking operation to lower expectations ahead of releasing its next earnings report.
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