Talk Business: Truck capacity remains tight; freight demand still rolling
As industries ramp output from increased demand in the second half of 2021, truck freight demand also is expected to rise, according to a trucking industry report.
As industries ramp output from increased demand in the second half of 2021, truck freight demand also is expected to rise, according to a trucking industry report.
Paced by a combination of rising truckload volumes, due largely to high levels of retail imports and peak produce shipments, June spot and contract truckload rates reached a new record, for the June edition of the DAT Truckload Volume Index, which was recently released by DAT Freight & analytics, an online marketplace for spot market truckload freight, tuned in another strong month of performance.
Truckload freight volumes hit new highs in June and spot and contract rates stayed in record territory as surging retail imports and peak produce shipments fueled demand for transportation services.
The routing guide is the manifestation of a shipper's transportation strategy and a rough estimate of its budget for the upcoming year. It connects the annual bid with actual load tendering within a TMS, and strategically allocates and assigns each shipment to the appropriate carrier.
Truckload freight volumes hit new highs in June and spot and contract rates stayed in record territory as surging retail imports and peak produce shipments fueled demand for transportation services.
Truckload freight volumes reached new heights last month as surging retail imports and peak produce shipments drove demand for transportation services.
$3.09: Average cost per mile for refrigerated transport in the truckload spot market so far in May, up about 20% since February and the highest price on record, according to DAT Solutions.
DAT Freight & Analytics, which operates the industry's largest load board for truckload freight, has seen record levels of load posts on the Los Angeles spot market.
$2.93: Average rate per mile for flatbed truck transport on the U.S. spot market in the first three weeks of April, up 44 cents, or 17.7%, since January, according to DAT Solutions.
Average spot rates for refrigerated transport rose 5.8% from April to May, according to DAT Solutions, which says the ratio of loads to trucks rose more than 30% over that period.