Capacity remains tight despite trade and regualtion uncertainty: FTR
BLOOMINGTON, Ind. – The economy continues to be strong, with spot rates, employment rates, and load postings all reaching record-setting levels in the last several weeks, but trucking is still susceptible to coming changes say industry analysts.
Record-high spot rates cap robust first half
PORTLAND, OR--Spot truckload freight activity in June rallied to record highs for the number of available loads while rates rose to their highest points in nearly two years, according to the DAT North American Freight Index. The June Freight Index increased 24% compared to May and was up 57% year over year, capping a robust first half of the year.
U.S. rates steady despite volume increases: DAT
BEAVERTON, OR - While U.S. truck volumes increased in many van lanes last week, rates are holding steady because of available capacity, DAT RateView reports in its latest findings. Combined with lower fuel surcharges, van and reefer rates actually dipped a penny a mile. Average flatbed rates rose a mere cent on their own.
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.