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A measure of truckload linehaul rates shows some improvement from the same time a year ago, while a separate report shows intermodal rates continue to sink.
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A rally in spot truckload freight rates appears to have fizzled last week, as truck capacity jumped 21% while available freight fell 18% compared to the previous week, according to DAT Solutions.
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Following an established seasonal pattern, spot market freight volume declined 15% in November from the month before, largely due to a drop in demand for flatbed trucks, but there were slight improvements in rates including into this month.
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Rates on the spot truckload market may finally be showing signs of rebounding as a 45% increase in the number of available loads greatly outweighed the 12% hike in truck capacity last week.
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Demand for freight to be moved on the spot truckload market outpaced available truck capacity during the week ending Nov. 28, as rates in the two of the three major sectors inched higher for a change.
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Pre-Thanksgiving shipping boosted demand for vans and refrigerated capacity on the spot truckload market during the week ending Nov. 21, but it barely had a positive result on rates.
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A measure of truckload rates moved higher in October from the same time last year, while intermodal rates continued moving lower, according to newly released figures.
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Increased truck availability and few available loads to move pushed spot market truckload rates down again over the past week, but one analyst says it's possible they have bottomed out.
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Taken separately, new reports on freight movements in the U.S. on freight volume, shipper spending and even the spot market seem to run almost counter to one another. A deeper dive into the analysis shows why activity has slowed but is not widespread.
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Signaling the movement of holiday goods, the number of posted van and refrigerated loads on the spot truckload market increased as the rate in one of the three major sectors moved slightly higher for a change.
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