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The summer doldrums appear to have kicked in on the spot freight market, with rates barely moving for the second straight week, according to the freight matching service provider DAT.
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Linehaul rates for truckload shipping continue to rise, according to the latest Cass Linehaul Rate Index. On average, North American shippers paid 7.2% more in July of this year than last in their truckload linehaul rates.
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Spot market freight availability has increased nicely in the most recent period while rates appear to have ended their recent decline, according to the freight matching service provider DAT.
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The amount of freight available on the spot market remained stable over the past week, while rates have improved little if any, according to freight matching service provider DAT -- but things could turn around soon.
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The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9% from the previous month, according to the latest Cass Freight Index.
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Truckload freight availability remained elevated in July compared to previous years despite a seasonal dip, according to the DAT North American Freight Index released Friday.
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Freight rates on the spot market, along with the number of loads available, have hit their typical seasonal slump, according to new figures released from the freight-matching service provider DAT.
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Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
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Rates on the spot market soared over the past week, according to new figures from the freight-matching service provider DAT. Flatbeds led the hikes gaining 4.1% June 29 through July 5, compared to the previous seven days, hitting $2.54 per mile.
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One fleet manager says the driver shortage is even worse than is publicly being reported, with rates going through the roof on some lanes, because both fleets and shippers want to maintain a competitive advantage.
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