Freight rates are weak right now, as everyone in the industry is painfully aware. But while poring over the data in DAT RateView and reading reports from many industry analysts, I found encouraging news.
This year's truckload spot market rates have fallen well short of the heights set in 2018, but it's a different story for contract freight. For the first half of 2019, contract rates were 3% higher than in 2018. Reefer rates increased the most, followed by vans and then flatbeds.
DAT Pricing Analyst Mark Montague appeared on Land Line Now/a to discuss the latest spot market trends. He explained the market conditions that led to higher rates before Memorial Day, and what we might expect heading into June.