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Despite van and reefer load availability increasing for the third consecutive week on the spot market, national average rates in the three major trucking sectors continued moving lower last week as equipment availability rose.
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Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.
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Spot market freight volume and rates fell in July, following a typical seasonal pattern, according to the latest DAT North American Freight Index.
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The amount of freight available on one spot network moved slightly higher last week, but it was only enough to push rates up a little bit in one sector.
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The FTR Trucking Conditions Index for June jumped up 56% from May to a reading of 7.66, hitting the highest level of 2015 so far.
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The number of spot market loads available on DAT's network of load boards increased 3.8% for the week ending Aug. 1 compared to the previous seven days, as truck capacity fell by 2.7%.
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Seasonal trends continued to push spot market freight rates and availability lower for the week ending July 25, according to new figures released by DAT Solutions, the operator of the DAT network of load boards.
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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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A measure of base linehaul truckload rates show increases last month while intermodal rates fell for the sixth straight month, according to reports released Wednesday.
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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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