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Volume plummeted 27% compared to the same time in 2014. It was the first year-over-year decline in 19 months for the index that measures spot truckload freight demand and capacity.
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The amount of freight available on the spot market has increased, but rates are doing anything but following in the same footsteps, hitting their lowest levels in at least four weeks.
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North American shipment volumes and total spending on freight both dropped in January, according to the Cass Freight Index, but they were also at their highest level for the month in at least three years.
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ComFreight is a mobile web app that helps match freight with empty truck space. Carriers and independent truckers can use the app to connect with large commercial shippers and freight brokers to fill free capacity.
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Aljex Software is partnering with Logistical Labs to integrate Aljex’s operations software with the Logistical Labs LoadDex platform.
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Spot market freight rates and activity remained stuck in a seasonal lull during the final week of January, according to the freight matching service provider DAT Solutions.
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A measure of truckload linehaul rates show they rose 7.4% in December compared to the same time in 2013.
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Rates on the spot freight market continued falling the past week due to fewer loads available and increasing truck capacity, according to the freight matching service provider DAT Solutions.
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Rates on the spot market continue moving lower while truckload capacity jumped, the first indication of a more typical slow, winter freight season, according to the freight matching service provider DAT Solutions.
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Spot market freight volume was atypically strong for the season in December, while rates also moved higher, according to the truck freight load board operator DAT Solutions and its latest North American Freight Index.
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