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Spot market freight rates have recovered somewhat after declining across the board last week, according to new numbers from the freight matching service provider DAT.
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The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.6% in March, after jumping 1.9% the previous month, according to just released figures.
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Truckload linehaul rates spiked in March, with the Cass Truckload Linehaul Index surpassing the 120 mark, showing a 6% year-over-year increase.
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The Missouri Department of Transportation has launched the next phase of the Missouri Freight Plan to engage business and local leaders, along with freight and industry stakeholders, in a discussion regarding funding of Missouri's freight infrastructure.
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Container shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores, also known as CSAV, have signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd.
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Following several weeks of increases spot market freight rates and the number of loads available have fallen over the past week, according to the freight matching service provider DAT.
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In a year of a record amount of freight on the spot market, March was no exception with freight availability increasing 56% in March compared to the same time a year ago, according to the DAT North American Index.
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The total amount of general cargo at the port’s public marine terminals reached 9.6 million tons, matching last year’s record.
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The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in February from January, rising after two consecutive monthly declines.
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Spot market freight rates for flatbed loads continue soaring, despite a decline in the amount of overall freight, according to new figures released by the freight matching service provider DAT.
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