Following the beginning of what it called the start of a new truckload cycle arriving in September, in the form of increasing spot truckload volumes and rates, the new edition of the DAT Truckload Volume Index, which was recently issued by DAT Freight and Analytics, pointed to further inroads being made in October.
The market for spot truckload freight cooled slightly last week, with fewer loads posted for all three equipment types compared to the previous week, according to DAT.
DAT reported the market for spot truckload freight cooled slightly last week, with fewer loads posted for all three equipment types
There were 1.8 million loads available on DAT One last week, down almost 8% compared to the previous week but 15% higher year over year. The number of available trucks posted on the network fell 6% to 307,925, the lowest weekly total since Labor Day week. The reefer load-to-truck ratio increased amid demand to move fresh and frozen goods ahead of Thanksgiving.
President-elect Donald Trump’s suggested substantial taxes on imports are poised to shake things up in the industry. On the campaign trail, Trump vowed to enact a 10% to 20% raise on tariffs on nearly all imports, 60% or more on imports from China, and a 100% tariff on cars from Mexico.
Freight procurement software provider Keelvar has integrated spot and contract truckload pricing data from DAT Freight & Analytics into its platform to enable shipper-users to compare benchmark rates with their own rates from carriers.
There were 1.8 million loads available on DAT One last week, down almost 8% compared to the previous week but 15% higher year over year.
The so-called freight recession may have a quarter or two to go, but the US trucking industry’s rate recession is over. Spot truckload rates are moving higher and exceeding last year’s prices and are expected to be up by low double-digit percentages by late 2025.
Data recently issued on the DAT One network provided to LM by DAT Freight & Analytics pointed to mixed metrics for truckload spot market load posts, for the week of November 3-9.
President-elect Donald Trump's victory on Election Day clearly represents an inflection point in America's political and economic future, but will it boost freight rates for truckers?