
Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
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Spot freight has seen 14 consecutive months of year-over-year peaks, according to DAT, but in a typical seasonal trend, freight availability declined 5.5% in September compared with August.
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FTR’s Trucking Conditions Index increased to 9.10 in August, an upward trend that reflects a tight capacity situation for the freight market.
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The amount of spot market freight has rebounded from last week, while rates in two out of three categories has also recovered. The freight-matching service provider DAT Solutions reports the number of loads available increased 1.5% Sept. 28 through Oct. 4 compared to the previous seven days, as spot market capacity fell by 4.3%.
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Spot market freight rates have slipped as the number of loads available to haul also fell, according to the freight matching service provider DAT.
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Freight rates on the spot market posted solid gains over the past week as the number of loads available has moved higher and capacity has jumped.
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UPDATED -- Spot market freight volume continued to achieve record-setting levels in August, increasing 32% compared to the same month in 2013, while freight availability remained constant.
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Freight transportation capacity has been subject to enormous pressure from a number of sources for a little more than a year, leading to higher rates and even jeopardizing some long-standing business relationships
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The increases happened despite a 19% drop in the total number of spot market loads available, due to an end-of-month push that coincided with Labor Day weekend.
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FTR and Internet Truckstop announced a new strategic partnership to bring FTR's analysis and forecasting skills to bear on the "big data" collected by the freight-matching technology provider.
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