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Spot truckload rates continued a seasonal decline during the week ending August 4, as the overall number of loads posted on DAT load boards fell 0.7% and capacity dipped 1.3%.
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Market numbers point to a turning point in the capacity crisis, says Noel Perry.
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Spot truckload rates declined again during the week ending July 28, as the overall number of loads posted on DAT load boards fell 4.2% and capacity increased 0.5%, but the spot freight market is still strong compared to historical averages.
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Spot truckload rates continued their seasonal decline during the week ending July 21, as the overall number of loads posted on DAT load boards fell 5.5% and capacity increased 1.3%.
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For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview.
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Urgency to move freight before the end of the second quarter and ahead of the Fourth of July holiday helped propel the national average spot van rate to $2.32 per mile during the week ending June 30.
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The national average spot truckload van rate on the DAT Solutions network of load boards moved only a little higher for the week ending June 23 but it was enough to push it to a new all-time high.
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Spot truckload rates on the DAT Solutions network of load boards rose again for the week ending June 16 and are on track to achieve the highest ever monthly average for van, refrigerated, and flatbed freight.
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Spot truckload rates jumped sharply during the week ending June 9 as the number of loads on DAT load boards increased 27% while truck posts fell 0.4%. Higher demand for capacity during a week that included the annual Roadcheck inspection blitz helped drive up rates.
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Demand outpaced capacity during the week including Memorial Day as the number of truck posts on DAT Solutions network load boards dropped 18% while load posts fell just 9% over the past week, according to newly released figures.
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