Rates finding footing, DAT says — a positive for 2020 outlook Despite a decline in freight volume in December, spot market rates surged in the month, according to DAT’s monthly Truckload Freight Volume Index.
DAT said there were some seasonable elements in the mix, with spot rates rising in December over each of the last five years, as December van and reefer rates each registered their highest levels going back to January 2020.
In its most recent forecast report, 2020 Freight Focus, DAT notes that 2018 was a peak year for freight pricing in the trucking sector. But then the picture changed. Demand for motor freight services softened in 2019, leading to a glut of capacity an
Atlanta was the easiest market to find spot truckload van freight in 2019, according to a Jan. 9 DAT Solutions report.
DAT Solutions is supplying Knight-Swift Transportation with a new rate forecasting tool to provide actionable short-term and long-term insights into transportation markets. The tool provides forecasts based on the DAT RateView database of more than $
Peggy Dorf, senior analyst at DAT, said the Celadon’s closure could cause some temporary hang-ups in isolated markets or lanes, but at the national level, even 3,000 trucks don’t have a big impact on capacity or rates in today’s market conditions
Rates rose sharply on loads that were picked up during the week ending Dec. 1 as brokers tried to attract capacity during the short workweek, according to data issued by DAT Solutions.
Both the Coyote Curve fourth-quarter forecast and DAT Solutions 2020 Forecast show contract truckload rates rising sometime after the mid-year point in 2020.
October saw more spot market truckload shipments than any other month since January 2015, according to the DAT Truckload Volume Index, which reflects changes in the actual number of spot market loads moved each month.
The number of load posts on the spot market closed the month of October on a high note, increasing 16% during the week ending Nov. 3, said DAT Solutions, which operates the DAT marketplace for spot truckload freight.