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.
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.
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.
Spot truckload rates jumped sharply during the week ending June 9 as the number of loads on DAT load boards increased 27% while truck posts fell 0.4%. Higher demand for capacity during a week that included the annual Roadcheck inspection blitz helped drive up rates.
Demand outpaced capacity during the week including Memorial Day as the number of truck posts on DAT Solutions network load boards dropped 18% while load posts fell just 9% over the past week, according to newly released figures.
While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.
The spring shipping season may be late, but it's here, especially in produce-distribution markets, according to the spot freight information reported by the DAT network of load boards.
Spot truckload freight volume had the strongest April on record, despite slipping 6.8% lower, a common seasonal trend, according to newly released figures from the DAT North American Freight Index.
Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
Spot market freight activity continued to build during the week ending April 28 as the number of loads on the DAT network of load boards increased but a hike in truck capacity helped keep a lid on rates.