DAT: Spot rates neutral or declining
Based on the past week’s numbers, DAT Solutions found spot rates to be neutral or declining because capacity pressure is continuing to ease.
Based on the past week’s numbers, DAT Solutions found spot rates to be neutral or declining because capacity pressure is continuing to ease.
TransCore DAT, a subsidiary of Roper Industries, announced that it has officially changed its name to DAT Solutions LLC.
Spot market freight availability rose 24% in January, exceeding December levels for only the second time since 1996, according to new figures from the the freight-matching service provider DAT.
Freight activity and rates on the spot market remained elevated last week after a surge of freight following winter storms the week before, according to the freight matching service provider DAT.
Spot market rates according to loadboard DAT mostly rose in the first week of the year, as flatbed rates rose 0.9 percent to $2.17 and reefer rates rose to $2.13. Van rates were flat at $1.95 a mile.
Spot rates for truckload services are unusually high for this time of year. And that’s good news for an industry that has struggled for years with an increasing burden of regulations, seesawing fuel prices and razor-thin profit margins.
Spot market rates for dry van services, the most widely used form of truckload delivery, spiked at the end of 2013 to near-historic levels, according to truck consultancy DAT.
Spot market freight availability remained strong in November compared to the year before, according to the DAT North American Freight Index. For the fifth consecutive month, freight availability continued to outpace levels seen in recent years – an
Truckload carriers are raising their rates to cover increased costs from the new hours-of service rule, but not enough to keep up with the estimated loss of productivity, says Mark Montague of DAT, the load matching and analytic services company.
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