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Seasonal trends continued to push spot market freight rates and availability lower for the week ending July 25, according to new figures released by DAT Solutions, the operator of the DAT network of load boards.
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The availability of truckload freight on the spot market hit a lull during the week ending July 18 compared to the previous week, leading to a decline in rates and load-to-truck ratios in all three equipment types, according to DAT Solutions, which operates the DAT network of load boards.
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Rates declined across all three equipment types on the spot freight market as available truckload capacity increased while load availability fell, according to new figures released by DAT Solutions, which operates the DAT network of load boards.
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Average spot truckload rates last week rose for van and refrigerated loads but dipped for flatbeds, reports DAT Solutions.
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Increased freight availability and falling truckload capacity was not enough to keep freight rates on the spot market from falling slightly for the week ending June 27, according to DAT Solutions, which operates the DAT network of load boards.
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Average spot truckload rates dipped during the week ending June 20 compared to the previous week but remain well above the averages for May, according to DAT Solutions, which operates the DAT network of load boards.
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National average spot market freight rates remained at high levels last week, holding steady in all three equipment categories after seeing a large increase in the first week of June.
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Spot market freight volume remained relatively strong in May, edging down just 1.7% from April, according to the DAT North American Freight Index, with refrigerated freight and rates higher for the month.
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The number of available loads on the spot truckload market jumped 36% during the week ending June 6 as capacity increased 5.5%, helping push rates higher.
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Freight rates on the spot truckload market held steady last week, as both capacity and the number of loads available to haul fell, according to the freight matching service provider DAT Solutions.
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