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Spot market freight volume remained relatively strong in May, edging down just 1.7% from April, according to the DAT North American Freight Index, with refrigerated freight and rates higher for the month.
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The number of available loads on the spot truckload market jumped 36% during the week ending June 6 as capacity increased 5.5%, helping push rates higher.
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Freight rates on the spot truckload market held steady last week, as both capacity and the number of loads available to haul fell, according to the freight matching service provider DAT Solutions.
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Truckload linehaul rates declined in April from the month before while intermodal rates moved higher, according to two separate reports released on Thursday.
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An upturn in spot market truckload freight rates seen the previous week ran out of steam quickly, according to new numbers from the freight matching service provider DAT Solutions.
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Rates for spot market truckload freight posted gains in two of the three major sectors May 3 through May 9 compared to the previous seven days, according the freight matching service provider DAT Solutions.
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Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
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The number of available loads on the spot truckload market decreased 2.9% and capacity fell 1.8%, according to DAT Solutions, which operates the DAT network of load boards.
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The number of available loads on the spot truckload market decreased 2.4% while capacity increased 4.5% during the week of April 25 compared to the previous week, according to DAT Solutions, which operates the DAT network of load boards.
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A measure of truckload rates shows it hitting an all-time high in March, increasing 5.1% from the same time a year ago.
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