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.
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 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.
National average spot market truckload rates moved slightly higher on the DAT Solutions network of load boards last week as both the number of posted loads and trucks also rose, amid signs of tighter capacity.
While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.