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Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
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Spot freight has seen 14 consecutive months of year-over-year peaks, according to DAT, but in a typical seasonal trend, freight availability declined 5.5% in September compared with August.
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As fuel costs fell last week, truckload rates remained steady across all major equipment types, according to a report by DAT.
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Spot market freight rates have slipped as the number of loads available to haul also fell, according to the freight matching service provider DAT.
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Freight rates on the spot market posted solid gains over the past week as the number of loads available has moved higher and capacity has jumped.
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UPDATED -- Spot market freight volume continued to achieve record-setting levels in August, increasing 32% compared to the same month in 2013, while freight availability remained constant.
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Freight transportation capacity has been subject to enormous pressure from a number of sources for a little more than a year, leading to higher rates and even jeopardizing some long-standing business relationships
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The increases happened despite a 19% drop in the total number of spot market loads available, due to an end-of-month push that coincided with Labor Day weekend.
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North American freight volumes bounced back in August from a normal July dip, but it did not lead to a similar increase in freight spending, according to the Cass Freight Index.
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The number of posted loads on the spot-freight market outpaced available truckload capacity across all three major equipment types Aug. 24 through Aug. 30 compared to the previous seven days, however, rates generally remained in a holding pattern.
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