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As the West Coast feels ripple effects from the bankruptcy of Hanjin Shipping Co., nationally the number of loads on the spot truckload freight market fell 5% during the week ending Sept. 24 compared to the week before as truck capacity increased 3%, according to DAT Solutions, its network of load boards.
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In a mixed week for the spot market, Flatbeds saw the only gain again continuing the trend in demand for the trailer type.
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The average flatbed rate on the spot market picked up a little more steam while rates in the other two sectors remained stable as both the number of loads to move and truck capacity increased.
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Spot market freight rates have slipped as the number of loads available to haul also fell, according to the freight matching service provider DAT.
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Freight rates on the spot market posted solid gains over the past week as the number of loads available has moved higher and capacity has jumped.
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UPDATED -- Spot market freight volume continued to achieve record-setting levels in August, increasing 32% compared to the same month in 2013, while freight availability remained constant.
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Freight transportation capacity has been subject to enormous pressure from a number of sources for a little more than a year, leading to higher rates and even jeopardizing some long-standing business relationships
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The increases happened despite a 19% drop in the total number of spot market loads available, due to an end-of-month push that coincided with Labor Day weekend.
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The number of posted loads on the spot-freight market outpaced available truckload capacity across all three major equipment types Aug. 24 through Aug. 30 compared to the previous seven days, however, rates generally remained in a holding pattern.
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The summer doldrums appear to have kicked in on the spot freight market, with rates barely moving for the second straight week, according to the freight matching service provider DAT.
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