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The availability of truckload freight on the spot market hit a lull during the week ending July 18 compared to the previous week, leading to a decline in rates and load-to-truck ratios in all three equipment types, according to DAT Solutions, which operates the DAT network of load boards.
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Flat production and dropping retail sales dragged down truck freight in June, with the American Trucking Associations' seasonally-adjusted For-Hire Truck Tonnage Index falling 0.5% to 131.1.
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The amount of freight moved and how much shippers paid recovered somewhat in June in the U.S., but both are below levels from a year ago, according to the latest Cass Freight Index report.
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ITS Canada announced an integration with asset-based lending solutions company BAM Worldwide to provide faster access to funds for freight transactions.
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Rates declined across all three equipment types on the spot freight market as available truckload capacity increased while load availability fell, according to new figures released by DAT Solutions, which operates the DAT network of load boards.
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Trucker Path has launched the public beta testing of its shipping marketplace platform called Trucker Path Truckloads.
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A measure of for-hire freight movements in the U.S. increased in May following an April decline, according to a new U.S. Transportation Department report.
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Average spot truckload rates last week rose for van and refrigerated loads but dipped for flatbeds, reports DAT Solutions.
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The value of U.S.-NAFTA freight totaled $93.3 billion in April, according to new U.S. Transportation Department figures, down 6.8% from the same time a year earlier.
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Soft manufacturing numbers are still affecting truck freight, with the American Trucking Associations' Truck Tonnage Index rising only 1.1% in May following a 1.4% loss in April.
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