spot rates

Hurricane relief boosts spot market freight

PORTLAND, OR - October represented the year's strongest month for available freight this year, with the exception of a seasonal peak in June, the DAT North American Freight Index shows. And post-hurricane reconstruction efforts may be responsible for some of the shift. The October volume was up 1.8% when compared to September, largely thanks to an 11% increase in flatbed freight. In contrast, van volume was down 0.6%. Reefers dropped 4%. "Flatbed freight is associated with energy exploration, as well as construction, which may have gotten a boost in October due to post-hurricane relief and rebuilding in the southeast," DAT Solutions reports.