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FTR’s Trucking Conditions Index increased to a reading of 8.49 for July, one of the highest points this year. The high values reflect rising prices and service lapses caused by the current capacity crisis. FTR says the TCI could go even higher this fall if the economy accelerates as expected.
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The number of posted loads on the spot-freight market outpaced available truckload capacity across all three major equipment types Aug. 24 through Aug. 30 compared to the previous seven days, however, rates generally remained in a holding pattern.
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The summer doldrums appear to have kicked in on the spot freight market, with rates barely moving for the second straight week, according to the freight matching service provider DAT.
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Spot market freight availability has increased nicely in the most recent period while rates appear to have ended their recent decline, according to the freight matching service provider DAT.
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The amount of freight available on the spot market remained stable over the past week, while rates have improved little if any, according to freight matching service provider DAT -- but things could turn around soon.
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Truckload freight availability remained elevated in July compared to previous years despite a seasonal dip, according to the DAT North American Freight Index released Friday.
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Spot truckload load volume rose sharply and capacity tightened during the past week, according to DAT Solutions, which operates the DAT network of load boards.
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Freight rates on the spot market, along with the number of loads available, have hit their typical seasonal slump, according to new figures released from the freight-matching service provider DAT.
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Demand remained strong and rates were above the norm, despite a slight seasonal decline during the week ending July 19 compared to the previous seven days, according to the freight matching service provider DAT and its network of load boards.
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Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
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