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With spot truckload freight volumes failing to meet expectations in May, DAT Solutions is looking to June to see if volumes from May were simply delayed.
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Enterprise shippers only chose the lowest spot market freight bid 25% of the time, showing a preference for a carrier with high quality service instead of always opting for the lowest rate, according to PostBidShip.
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Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
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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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Uber Freight claims it’s “setting a new standard” for freight rate transparency with its new Lane Explorer tool.
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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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FTR has reported that its Trucking Conditions Index for September fell to the lowest level in a year, indicating there has been "some stabilization in freight rates and demand.”
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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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