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Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.
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Spot-market load availability moved a little higher last week, but it was not enough to outweigh a gain in truck capacity, with rates continuing to fall.
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UPDATED -- U.S. spot-market load availability fell 5.6% during the week ending Feb. 6, with the number of van and refrigerated loads dropping 17% and 12%, respectively, according to DAT Solutions and its network of load boards.
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Load-to-truck ratios on the spot truckload freight 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 were also down for the entire month.
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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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