The Packer: DAT: Truckload rates move down in July
Truckload freight volumes tumbled from their June peak, and pricing for dry van and refrigerated capacity on the spot market continued to shift downward, according to DAT Freight & Analytics.
Truckload freight volumes tumbled from their June peak, and pricing for dry van and refrigerated capacity on the spot market continued to shift downward, according to DAT Freight & Analytics.
The conditions that led to soaring trucking conditions, rates, and profits last year are largely history at this point.
The number of loads posted to the DAT MembersEdge load board fell for all three equipment types during the week of Aug. 7-13, following a seasonal pattern and generally lower activity on the spot market.
After a wild post-pandemic ride, the spot market is rebalancing, which has shippers looking for lower contract rates while lower spot rates and high fuel prices is likely driving many owner-operators out of business.
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When it comes to the second half of the year, the only thing transportation pros can count on is more volatility. Let’s look at what the rest of 2022 will hold for shippers and movers of truckload freight.
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