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The number of available loads on the spot truckload freight market rose as freight rates moved higher again for the week ending Sept. 23, according to new figures from DAT Solutions and its network of load boards.
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Hurricanes Harvey and Irma have come and gone but their effects on supply chains continue, according to the freight matching service provider DAT Solutions, with spot freight rates remaining at two-year highs.
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It’s apparent that people are working very hard in Houston, because the spot market trucking statistics are showing strong positive moves, in some cases to levels above pre-storm benchmarks.
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In Hurricane Harvey's wake, the rearrangement of supply chains, the difficulty of shipping in the flooded region, and a tightening spot market pushed spot freight rates higher on 78 of the top 100 van lanes in the country.
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Spot truckload freight rates moved slightly lower for the second week in a row as freight volume remained strong, according to the freight matching service provider DAT Solutions.
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We’re supposed to be in the dog days of summer but spot market truckload freight volumes are still higher than any month except June while August had a stronger start than any month in more than a year and a half, according to DAT Solutions and its network of load boards.
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An unusual surge of truckload freight led to higher-than-normal volume on the spot market for the week ending July 29, according to DAT Solutions and its network of load boards, but it failed to turn into any substantial rate increases.
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According to a report by DAT Solutions, the number of available loads on the spot truckload market slipped just 3% during the week ending July 22, better than expected for the middle of July.
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The spot truckload freight market returned to seasonal norms during the week ending July 15 as the number of posted loads increased 35% and truck posts added 28%, according to DAT Solutions and its network of load boards.
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Spot truckload freight rates surged for the week ending July 8 as the number of posted loads decreased 34% and truck posts slipped 19%, according to DAT Solutions and its network of load boards.
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