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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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The amount of freight available on the spot market has increased, but rates are doing anything but following in the same footsteps, hitting their lowest levels in at least four weeks.
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Spot market freight rates and activity remained stuck in a seasonal lull during the final week of January, according to the freight matching service provider DAT Solutions.
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Rates on the spot freight market continued falling the past week due to fewer loads available and increasing truck capacity, according to the freight matching service provider DAT Solutions.
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Rates on the spot market continue moving lower while truckload capacity jumped, the first indication of a more typical slow, winter freight season, according to the freight matching service provider DAT Solutions.
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Spot market freight volume was atypically strong for the season in December, while rates also moved higher, according to the truck freight load board operator DAT Solutions and its latest North American Freight Index.
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Activity and rates on the spot freight market picked up slightly as 2014 ended and the New Year began, according to the freight matching service provider DAT Solutions.
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