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Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
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Rates on the spot market soared over the past week, according to new figures from the freight-matching service provider DAT. Flatbeds led the hikes gaining 4.1% June 29 through July 5, compared to the previous seven days, hitting $2.54 per mile.
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They increased 1.1% during the second week in June compared to the first week, for an average of $2.07 per mile, with it made up of $1.59 per mile for the linehaul charge and 48 cents for the fuel surcharge.
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Rates for spot market freight moved significantly higher over the past week following big gains over the past month, according to the freight matching service provider DAT.
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A hike in the average rate for refrigerated cargo leads increases in all three categories for spot freight, according to new figures released by the freight matching service provider DAT.
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The freight matching service provider DAT reports the total number of loads available increased 7.5% May 11 through May 17 compared to the previous seven days, while truck capacity grew 1.5%.
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Despite a 2.5% decline in the number of loads available and nearly a 1.4% increase in truck capacity on one of the nation’s biggest spot freight markets, rates have picked up.
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Freight rates on the spot market gained little ground or fell over the past week, according to new numbers from the freight matching service providers DAT, but they gained significantly last month compared to a year earlier.
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Rates on one of the nation’s largest spot freight markets are fairly stable amid lower freight levels.
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Spot market freight rates have recovered somewhat after declining across the board last week, according to new numbers from the freight matching service provider DAT.
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