Spot market rates for dry van and refrigerated shipments in June were the highest since January as capacity tightened due to the Roadcheck inspection blitz and increased demand.
We’re nearly halfway through 2019, so HDT Editor in Chief Deborah Lockridge asked HDT’s Editorial Advisory Board what current trends and issues are most on their minds.
With spot truckload freight volumes failing to meet expectations in May, DAT Solutions is looking to June to see if volumes from May were simply delayed.
Enterprise shippers only chose the lowest spot market freight bid 25% of the time, showing a preference for a carrier with high quality service instead of always opting for the lowest rate, according to PostBidShip.
Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
The spot market has not enjoyed the usual boost provided by holiday shipping so far in December, with spot market rates falling for all three major trailer types.
Spot market freight volume and rates fell for most equipment types last month, but holiday shipping is expected to give it a boost.
Severe weather in Asia and the U.S. Eastern seaboard slowed seasonal freight flows in October, leading to truckload transportation delays at U.S. ports, according to DAT Solutions.
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.
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