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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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Aljex debuted its Capacity Hub software tool that allows brokers to search online for trucks and gauge spot availability.
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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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The spot freight market posted its usual seasonal lull the week of Christmas, but one sector saw a slight overall rate improvement, according to the freight matching service provider DAT Solutions.
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Spot market freight rates posted declines as Christmas approached, according to numbers from the freight matching service provider DAT Solutions.
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A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions.
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