
Flatbed markets remained strong and van markets surged as overall spot freight availability rose 12% and capacity stayed flat, according to the latest numbers from DAT Solutions.
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Truckers, shippers, brokers and third-party logistics providers have more options than ever to find trucks or loads and to do so much quicker.
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In a mixed week for the spot market, Flatbeds saw the only gain again continuing the trend in demand for the trailer type.
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The average flatbed rate on the spot market picked up a little more steam while rates in the other two sectors remained stable as both the number of loads to move and truck capacity increased.
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The freight-matching service provider DAT Solutions reports the biggest increase on its network of load boards was in the van segment.
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Freight volume fell 37% year-over-year in February and spot-market freight availability declined for the second consecutive month in February, according to DAT -- so why did rates rise compared to last year?
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Rates on the spot freight market increased in all three major categories for the first time in weeks, according to the freight matching service provider DAT Solutions.
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Rates on the spot freight market appear to have stabilized following three straight weeks of declines with a hike in one sector, according to the freight matching service provider DAT Solutions.
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The amount of freight available to haul declined 4.5% the second week of February compared to the week before while capacity increased 10%, causing rates to slide in the major equipment categories for the third straight week.
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Volume plummeted 27% compared to the same time in 2014. It was the first year-over-year decline in 19 months for the index that measures spot truckload freight demand and capacity.
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