The freight market appears to be in stasis caused by prolonged low demand with businesses holding off to see how trade policies progress, according to a recent report.
There’s a lot to digest in this week’s data, including a surprise boost in trailer order activity, but continued projections for weakness in the freight market.
Spot truckload volumes and rates remained mixed in June, according to the new edition of the DAT Truckload Volume Index, which was released today by DAT Freight and Analytics.
The truckload market is improving, but recovery is slow, according to the TA Trendline Report.
“Many retailers and manufacturers continued to hold inventory at current levels or allowed it to draw down. Freight moved in fits and starts rather than steadily and predictably building toward the July 4 holiday,” firm’s top analyst reports.
Spot truckload volumes retreated in June, reflecting subdued demand for trucking services during what is typically a summer peak, according to DAT Freight & Analytics.
What's more, shippers remained wary of soft consumer spending and uncertain costs from tariffs and the Israel-Iran war.
Despite a post-holiday bump in load and truck posts, spot truckload rates slipped last week
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