The US truckload spot market may finally be “on the cusp” of a long-awaited inflection point, with a national average rate rising fractionally on a year-over-year basis for the first time in 27 months, according to DAT Freight & Analytics.
Spot-market volumes hit all-time highs in May for vans, reefers, yet rates lag.
Volume gains in May helped to drive up spot truckload rates in May, according to the new edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics.
Spot truckload rates bounced higher in May as shippers sought capacity to move greater volumes of van and refrigerated freight, according to data released by DAT Freight & Analytics.
Spot truckload rates bounced higher in May as shippers sought capacity to move greater volumes of van and refrigerated freight, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service.
Spot truckload rates bounced higher in May as shippers sought capacity to move greater volumes of van and refrigerated freight, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service.
Month-to-month decline in shipments posted to the truckload van spot market from April to May, as loads fell 22.8% from May 2023, according to DAT Solutions.
According to Verisk Analytics’ CargoNet, $154.6 million worth of goods was stolen during the first quarter of 2024 - an increase of 46% year-over-year. Fraud schemes - from document forgery and double brokering to identity theft and ransomware attacks - are a growing threat to the fast-paced and increasingly digitized freight transportation industry.
US truckload spot rates are rising seasonally as the summer approaches but remain at or below year-ago levels in the largest trucking lanes, data from several sources indicates.
A national average fell to $3.658 per gallon, with a Midwest region seeing the biggest drop.