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The spot market has not enjoyed the usual boost provided by holiday shipping so far in December, with spot market rates falling for all three major trailer types.
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Spot market freight volume and rates fell for most equipment types last month, but holiday shipping is expected to give it a boost.
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Severe weather in Asia and the U.S. Eastern seaboard slowed seasonal freight flows in October, leading to truckload transportation delays at U.S. ports, according to DAT Solutions.
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The DAT Freight Index for September shows that despite a slight slump in activity, rates remain high for most trucking segments.
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The spot market continues to cool a bit, with fewer loads posted and lower national average spot truckload rates, according to DAT.
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National average van freight rates fell for the fifth week in a row, dropping 6 cents to $2.18 per mile for the week ending in Aug. 11, according to the latest numbers from DAT Solutions.
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Spot truckload rates continued a seasonal decline during the week ending August 4, as the overall number of loads posted on DAT load boards fell 0.7% and capacity dipped 1.3%.
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Spot truckload rates declined again during the week ending July 28, as the overall number of loads posted on DAT load boards fell 4.2% and capacity increased 0.5%, but the spot freight market is still strong compared to historical averages.
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Spot truckload rates continued their seasonal decline during the week ending July 21, as the overall number of loads posted on DAT load boards fell 5.5% and capacity increased 1.3%.
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For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview.
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