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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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If you’ve given up on the truckload spot freight market or have been using it less because of the past year’s depressed rates, it might be time to give it a second look.
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The number of available loads on the spot truckload freight market increased 3.5% during the week ending July 30, sending load-to-truck ratios higher at the close of July, but only flatbed rates are continuing to head higher.
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National average spot freight rates for dry vans and reefers each slipped slightly over the past week while the average flatbed rate made a small gain for the third consecutive week, according to new figures from DAT Solutions, based on its network of load boards.
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Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.
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