July Ends in a Surge of Spot Market Freight

Volume was way up last week. Was it a month-end spike, or real growth? I asked Mark Montague and he said there is not usually a surge at the end of July. In fact, the month of July is typically time for a lull in spot market freight availability and rates.

What we had was an unusually short-lived slump, according to Mark.

I asked why rates didn't go up last week, too. Usually, when volume increases and load-to-truck ratios jump as much as they did last week, we will see rates moving up as well.

In fact, we did see a pattern of rising rates, but not in all markets and lanes. In some cases, rates were stable because carriers hadn't yet realized that those lanes were facing a new truck shortage so soon after the last one ended.



Peggy Dorf

Peggy joined DAT in 2008 as a writer and market analyst. She was instrumental in developing DAT Trendlines, and she writes extensively about the impact of economic trends on companies and individuals in transportation and logistics. Peggy is a Certified Transportation Broker with decades of experience in technology marketing and an MBA from the Wharton School.



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