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Van rates on the spot market surged the first week of December, according to the freight-matching service provider DAT. Total spot market loads available increased 16% and spot market capacity increased 5.2%, while load-to-truck ratios increased across the board.
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Effective Dec 30 UPS’ published rates for its services will increase. For package shipments, ground services and accessorial rates will increase an average net 4.9%.
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DAT reports from July 7-13 the number of loads increased in the U.S. by 2.7% compared to the previous seven days, however, two out of three sectors showed a drop in number of loads to trucks.
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Two carriers serving the less-than-truckload markets have announced general rate hikes.
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Spot market freight volumes reported by the DAT North American Freight Index rose 2.2% in June, compared to May, according to newly released figures. Spot market rates rose 4.5% for vans.
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Many carriers still not seeing adequate rates of return, nor any relief in their ability to renegotiate accessorial charges, according to the 2nd quarter industry survey by Transport Capital Partners.
Read More →FTR's Trucking Conditions Index for May at 12.4 is unchanged from the previous month, continuing to reflect a positive environment for trucking -- one that, combined with the new hours of service regulations restricting capacity, should result in some higher rates.
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Rates on one of the nation’s largest spot freight markets improved the first part of July after trending downward most of last month. DAT reports from June 30 through July 6 the average rate for van and flatbeds moved 3.2% higher, compared to the previous seven days.
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A new Transport Capital Partners survey shows better expectations among trucking company executives when it comes to rates and freight volume. TCP says this breaks a three-year trend of lowering expectations for volume growth in the second quarter. More carriers expect volumes for the second quarter to hold steady.
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The increased rate provides for a nominal increase in intrastate, interstate and cross-border lane charges. The new rate will also offset the rising costs of new equipment and insurance, while preserving competitive wages and benefits for employees.
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