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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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Measures of both truckload and intermodal rates posted another rounds of declines, according to new figures released by freight payment processor Cass Information Systems.
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Spot truckload freight rates saw more declines than improvements in both new weekly and monthly figures released by DAT Solutions.
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The spot truckload market finished August on a higher note as rates and the number of available loads moved higher during the week ending Sept. 3, according to DAT Solutions and its network of load boards.
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