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Activity and rates on the spot freight market picked up slightly as 2014 ended and the New Year began, according to the freight matching service provider DAT Solutions.
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ComFreight is expanding its Rate Index Tool which allows trucking and logistics companies to check what the average rate is for given lanes in the trucking market.
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The spot freight market posted its usual seasonal lull the week of Christmas, but one sector saw a slight overall rate improvement, according to the freight matching service provider DAT Solutions.
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Spot market freight rates posted declines as Christmas approached, according to numbers from the freight matching service provider DAT Solutions.
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Despite a slight downturn from the month before newly released figures show in November the Cass Truckload Linehaul Index rose 6.7% year over year.
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A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions.
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The less-than-truckload carrier Old Dominion Freight Line Inc. said Monday it will implement a general rate increase averaging 4.5%, effective January 5, 2015.
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FTR’s Trucking Conditions Index for October, at a reading of 8.53, fell only slightly from September’s level, reflecting still strong fundamentals for trucking companies, and the transportation analysis firm expects it to stay strong through next year.
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Spot market freight rates and availability all posted healthy gains in November in the U.S. and Canada compared to the same time a year ago, according to the DAT North American Freight Index, however there were declines from the month before.
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Spot market freight rates have improved across the board, according to new weekly figures from the freight matching service provider DAT Solutions.
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