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Spot truckload volume increased 11% during the week ending April 2 as shippers moved freight out the door to close the first quarter on a high note, according to DAT Solutions and its network of load boards.
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A rally for spot truckload rates and load-to-truck ratios seen the week before turned out to be short lived with overall lower freight volume moving lower for the week ending March 26, according to DAT Solutions and its network of load boards.
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Led by strong regional demand, spot truckload rates rose across all three equipment types during the week ending March 19, hitting their highest levels in at least a month, according to DAT Solutions and its network of load boards.
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Truckload linehaul freight rates have fallen again and are barely higher than a year ago, while rates for intermodal shipments have dropped for the 14th straight month, according to the latest Cass indexes.
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Spot rates for refrigerated truckload freight are trending higher in the key produce states of California, Texas and Florida, while cargo volume posted a 10% increase over the past week, according to DAT Solutions.
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The Trucking Conditions Index measure fell to a reading of 9.05 for January, indicating slowing growth patterns for truck freight.
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The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.
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Following a dismal February performance, Spring has sprung on the spot freight market, with rates moving higher in all three trucking categories for the first time in several weeks.
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Despite greater demand for truckload services, national average van, reefer, and flatbed freight spot rates all slipped for the week ending February 27 compared to the previous week, according to DAT Solutions and its network of load boards.
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Shippers and brokers posted more loads on the spot market for the week ending Feb. 20 while the number of available trucks moved slightly lower, according to DAT Solutions and based on its network of load boards, but rates held steady during the time of year they usually gain at least a little.
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