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Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.
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The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives.
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First, the good news. Last week’s winter storms had minimal effect on spot market truckload freight rates and load-to-truck ratios. Now, the bad news. Both managed to slip all on their own, with rates in the three major sectors being the lowest in at least the last four weeks.
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After spiking at the start of the year, truckload rates and load-to-truck ratios on the spot market slid downward during the week ending Jan. 16, according to load board operator DAT Solutions.
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Truckload linehaul rates turned in their best month-over-month improvement of last year during December, while intermodal rates continued falling from year-ago levels, according to just-released figures.
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Spot truckload freight activity increased sharply during the first full week of 2016, as rates also improved or held steady – while a separate report shows December was better than the month before.
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Both the number of shipments and expenditures on freight transportation by shippers continued their downward slide in December, according to latest Cass Freight Index.
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Average rates for flatbeds and reefers on the spot freight market ticked slightly higher during the final week of 2015 and first two days of this year compared to the week before, according to DAT Solutions and its load boards.
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Refrigerated freight volume showed unexpected strength on the spot market as the number of posted reefer loads fell just 1% for the week ending Dec. 26 compared to a 20% drop that’s typical during a holiday week, according to the latest numbers from DAT Solutions.
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Rates on the spot freight market slipped in two of the three main sectors for the week ending Dec. 19 as the amount of cargo to move fell slightly, according to DAT Solutions per its network of load boards.
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