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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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The number of available loads on the spot freight market moved higher during the most recent week as truck capacity was unchanged, but it wasn’t enough to push average rates up, according to DAT Solutions and its network of load boards.
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As FTR and Truckstop.com apply "big data" analysis to spot market pricing, Noel Perry, FTR transportation economist, offers some insights into the volatility of spot pricing and how spot prices correlate with contract pricing.
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A 0.9% decline in the number of available loads on the spot truckload freight market outweighed a 0.2% drop in truck postings for the week ending August 20, resulting in freight rates showing no improvements, except for areas in Louisiana affected by flooding, while fuel prices ticked higher.
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Truckload linehaul rates fell again in July from the same time a year ago, marking the fifth straight month of year-over-year declines, according to latest readings from the Cass Truckload Linehaul Index.
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A decline in the amount of freight on the spot truckload market coupled with an increase in the number of trucks needing cargo pushed rates down across the board, according to new weekly figures from DAT Solutions that are based on its network of load boards.
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Average spot truckload dry van rates increased in July from June for the first time in six years, while July spot market freight availability caught up with 2015 levels for the first time this year.
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The number of available loads on the spot truckload market fell 3.9% for the week ending August 6 compared to the week before while rates held steady despite a reduction in the average fuel surcharge, according to DAT Solutions and its network of load boards.
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