Recent spot market data issued by Portland, Oregon-based freight marketplace platform and information provider DAT reinforces the current strength of the trucking sector, with June having the highest spot market rates on record.
In June the national average rate for the most common type of big rig hit $2.32 per mile on the spot market, according to online freight marketplace DAT Solutions LLC.
The Big A is the No. 1 city for spot market posts for van loads and refrigerated loads through the first half of 2018, according to DAT Solutions, the operator of a major freight load board marketplace for North America.
It's useful to know how to deduct an average fuel surcharge from the spot rate for purposes of analysis. For example, if you want a side-by-side comparison of spot rates and contract rates, you want to focus on the line-haul component only, on an app
This year’s produce season has sent spot rates for hiring a temperature-controlled truck higher. Rates for refrigerated trucks rose 2 cents to $2.51 per mile for the week of May 26, according to load board operator DAT Solutions. The season still i
There are about 6.6 loads for every available truck trailer, according to DAT Solutions, which tracks freight and rates. A year ago, there were 3.5 loads per every van. The imbalance gives motor carriers the ability to raise rates to cover rising exp
It now costs more than $1.85 a mile to ship a "dry good" that doesn't require refrigeration or special accommodation, a nearly 40 percent increase from the price a year ago, according to data from DAT Solutions.
It cost retailers up to 30% more to ship something via truck in April than it did last year, according to DAT.
The cost per mile in the spot market is 29% higher than a year ago, according to DAT Solutions. The longer-term contract rates that big suppliers negotiate with major carriers usually follow the spot market, which means freight costs should stay high
DAT industry analyst Mark Montague said the top two flatbed lanes in April were intra-Houston and Houston to Midland, Texas. Rates between Houston and Midland were up 30 percent last month.