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FTR said its Trucking Conditions Index in December was the highest since January 2019 and the first positive reading since 0.28 in July.
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The positive 2019 truck-tonnage performance marks the 10th straight annual increase and, according to ATA, reflects the “very choppy” freight market that motor carriers experienced last year.
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The freight market is still tight in 2019, despite changing conditions over the course of 2018 that originally drove it forward. Noël Perry, chief economist at Truckstop.com, thinks that the current data points to three possible outcomes.
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On what should we base a 2019 forecast? Start with what makes up almost 70% of our economy: the U.S. consumer.
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Understanding the relationship between truck tonnage and railroad carloads, as well as the importance of the Purchasing Managers’ Index in forecasting the direction of truck tonnage.
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National average van freight rates fell for the fifth week in a row, dropping 6 cents to $2.18 per mile for the week ending in Aug. 11, according to the latest numbers from DAT Solutions.
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For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview.
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Urgency to move freight before the end of the second quarter and ahead of the Fourth of July holiday helped propel the national average spot van rate to $2.32 per mile during the week ending June 30.
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The national average spot truckload van rate on the DAT Solutions network of load boards moved only a little higher for the week ending June 23 but it was enough to push it to a new all-time high.
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Spot truckload rates on the DAT Solutions network of load boards rose again for the week ending June 16 and are on track to achieve the highest ever monthly average for van, refrigerated, and flatbed freight.
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