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The freight-matching service provider DAT Solutions reports the biggest increase on its network of load boards was in the van segment.
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Some economic indicators have not bounced back as well as others in the recovery from the Great Recession, but trucking is doing well, and a capacity crunch leads economic expert John Larkin to project truckload rates will rise this year.
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Rates on the spot freight market increased in all three major categories for the first time in weeks, according to the freight matching service provider DAT Solutions.
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Linehaul rates in the truckload sector posted a significant gain last month, according to newly released figures, while a separate report shows a drop in intermodal rates for the first time in more than a year.
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Rates on the spot freight market appear to have stabilized following three straight weeks of declines with a hike in one sector, according to the freight matching service provider DAT Solutions.
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The amount of freight available to haul declined 4.5% the second week of February compared to the week before while capacity increased 10%, causing rates to slide in the major equipment categories for the third straight week.
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Volume plummeted 27% compared to the same time in 2014. It was the first year-over-year decline in 19 months for the index that measures spot truckload freight demand and capacity.
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The amount of freight available on the spot market has increased, but rates are doing anything but following in the same footsteps, hitting their lowest levels in at least four weeks.
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North American shipment volumes and total spending on freight both dropped in January, according to the Cass Freight Index, but they were also at their highest level for the month in at least three years.
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ComFreight is a mobile web app that helps match freight with empty truck space. Carriers and independent truckers can use the app to connect with large commercial shippers and freight brokers to fill free capacity.
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