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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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While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.
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There has been a bit of a turnaround when it comes to freight rates on one of the nation’s biggest freight matching service providers.
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How will the new hours of service rules affect typical 1,000-mile hauls? A few of the new rules can make the timing of a driver's on-duty hours critical to a successful trip. For example, the lane from Chicago to Houston, typically a two-day trip, could be tricky under the new HOS rules.
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Spot market loads and rates are down over the past week according to new figures from the freight matching service provider DAT TransCore.
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Draw a big, red circle around July 1 on your calendar. That's the date when the Federal Motor Carriers Safety Administration will officially begin enforcing the new hours of service regulations for all commercial motor vehicles that are involved in interstate commerce.
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Spot market freight volumes reported by the DAT North American Freight Index rose 5.6% from April to May. Compared to May 2012, when freight reached an all-time high, freight volume fell 13%.
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The amount of spot market freight available at the end of May and into the first of June fell dramatically while rates barely changed. New figures from freight-matching service provider DAT TransCore show May 26 through June 1, the number of spot market loads available in the U.S. fell 19% from the previous seven days.
Read More →Spot market freight availability is increasing while rates have generally headed higher. New figures from the freight matching service provider DAT TransCore show spot market loads increased 11% for the seven days ending May 25 from the week before.
Read More →The number of loads available on one spot market board has surged over the previous week but rates are stagnant during the same time. DAT/Transcore reports May 12 through 18 the number of loads available in the U.S. increased 6.7% from the previous week.
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