Data recently issued on the DAT One network provided to LM by DAT Freight & Analytics mostly pointed to declining metrics for truckload spot market load posts, for the week of Thanksgiving, from November 24-30.
The number of trucks on the DAT One marketplace fell 10.3% to 306,216 compared to Week 46. At 1.86 million, the number of loads posted on the network was 10.5% higher, led by a 15.2% jump in van load posts.
Shippers are still benefiting from a discount in the spot market of 8.7% below contract rates, DAT Group Product Manager Chad Kennedy said.
For-hire rates and volumes continued to improve in October, again suggesting the freight recession is ending. Spot rates showed greater improvements than contract rates.
That’s good news for carriers who have been struggling to hold on until freight rates improve. The Nov. 22 press release from ACT Research included comments from ACT’s vice President and senior analyst, Tim Denoyer.
Analysts suggested spot and contract pricing for October helped lift carriers in a meaningful way.
With another year of hacker break-ins looming before us, now is a great time to evaluate cybersecurity for your trucking business to ensure that you’re using the latest technology to keep cybercriminals at bay.
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