Dean Croke, principal analyst for DAT Freight & Analytics, talks about what industry trends he sees in freight rate data.
The DAT Truckload Volume Index, a measure of dry van, refrigerated and flatbed loads moved by truckload carriers, fell 2% in January from December 2020.
DAT and Axele will expand the integration of their load board and transportation management system technologies, giving small and mid-sized truckload carriers access to automated freight-matching features.
Average spot truckload van and refrigerated rates were virtually unchanged last week, a sign of price stability after January’s declines, according to DAT.
Spot truckload rates for dry van and refrigerated freight hit another high in October, according to DAT Freight & Analytics, while average flatbed rates also increased compared to September, they did not surpass 2018’s highs.
After surging for the last five months, spot truckload rates have gone flat according to DAT, with demand for trucks softening during the week ending October 18.
According to DAT Solutions, the average spot van rates set a record high in September, up 6 cents from the previous record set in June 2018.
According to DAT Freight & Analytics, August’s spot truckload rates almost set an all-time high, with spot van, refrigerated and flatbed rates higher month over month and load-to-truck ratios increasing at the end of summer.
Spot truckload freight activity saw a bump last week as a result of shippers and logistics companies repositioning freight that would be affected by a pair of major storms along the Gulf Coast.
According to DAT Solutions, spot truckload rates for van, refrigerated, and flatbed have all seen increases since last month, with supply chain disruptions caused by COVID-19 pushing more freight to the spot market at a time when demand for truckload capacity usually declines.
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