The DAT Freight Index for September shows that despite a slight slump in activity, rates remain high for most trucking segments.
The spot market continues to cool a bit, with fewer loads posted and lower national average spot truckload rates, according to DAT.
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.
The Cass Truckload Linehaul Index for July indicates an increasing rate of acceleration for truckload linehaul pricing, posting the first double digit increase year over year since Cass began tracking it in 2005.
Spot truckload rates continued a seasonal decline during the week ending August 4, as the overall number of loads posted on DAT load boards fell 0.7% and capacity dipped 1.3%.
Market numbers point to a turning point in the capacity crisis, says Noel Perry.
Spot truckload rates declined again during the week ending July 28, as the overall number of loads posted on DAT load boards fell 4.2% and capacity increased 0.5%, but the spot freight market is still strong compared to historical averages.
Spot truckload rates continued their seasonal decline during the week ending July 21, as the overall number of loads posted on DAT load boards fell 5.5% and capacity increased 1.3%.
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.
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.