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An upturn in spot market truckload freight rates seen the previous week ran out of steam quickly, according to new numbers from the freight matching service provider DAT Solutions.
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Rates for spot market truckload freight posted gains in two of the three major sectors May 3 through May 9 compared to the previous seven days, according the freight matching service provider DAT Solutions.
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Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
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The number of available loads on the spot truckload market decreased 2.9% and capacity fell 1.8%, according to DAT Solutions, which operates the DAT network of load boards.
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The number of available loads on the spot truckload market decreased 2.4% while capacity increased 4.5% during the week of April 25 compared to the previous week, according to DAT Solutions, which operates the DAT network of load boards.
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National average spot truckload rates drifted down during the week ending April 18 compared to the previous week, according to new figures from DAT Solutions and its network of load boards.
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Rates on the spot freight market continue crawling slowly upward in the flatbed sector but remain stagnant in the other two major categories.
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Rates on the spot freight market posted gains last month compared to February and the same time a year earlier, according to the latest reading of the DAT North American Freight Index, based on activity from its load boards.
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The spot truckload freight market followed seasonal patterns during the week ending April 4 as load availability increased and capacity tightened, according to load board operator DAT Solutions.
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While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR -- and could be headed for a new peak.
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