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Freight rates have posted their first across the board increases for the first time in several weeks on one of the nation’s largest spot markets.
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The amount of freight on the spot market has jumped considerably over the last week, but rates have improved little, according to freight matching service provider DAT's latest numbers.
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While there was more freight to haul over the past week on the spot market, freight rates moved little, according to the freight matching service provider DAT
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Total spot market loads available to haul increased 4.9% Oct. 27 through Nov. 2 compared to the previous seven days, while spot market capacity fell 2.3%.
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New figures from the freight matching service provider, DAT, show spot market load availability fell 5.7% Oct. 20 through 26, compared to the previous seven days.
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While national average rates for vans and refrigerated rates dipped slightly, spot market capacity and demand on the DAT network of load boards remained seasonally elevated during the week ending Oct. 19.
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American Trucking Associations has partnered with DAT, the operator of an industry spot marketplace, to include data about the spot market for trucking services in ATA's monthly Trucking Activity Report, ATA American Trucking Trends, and other information services ATA provides to its members and the public.
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The amount of cargo to haul and rates paid for it, on one of the nation's largest spot markets, has declined across the board during the most recent seven-day period.
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The amount of freight, along with rates, are both generally down on the spot market, according to one of the nation’s largest freight matching services.
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DAT overall spot market load availability increased 2.3% September 15-21, compared to the previous seven days. This follows earlier released figures showing August was down 1.8% from the month before but was up 16% compared to the same time a year ago.
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