June Indicates Spot Rates Have Reached Their Lowest Point

InflationMoney Matters
Written By Jennifer Joslyn

📉 June Indicates Spot Rates Have Reached Their Lowest Point.

DAT Freight & Analytics reports that truckload freight volumes and spot rates remained steady in June, while contract rates reached their lowest levels in nearly two years. The narrow gap between spot and contract rates suggests that spot truckload prices have hit the bottom of the current freight cycle. The DAT Truckload Volume Index (TVI) showed marginal changes for van and refrigerated freight, while flatbed loads experienced a slight increase. Spot rates for van and reefer freight increased, while the flatbed rate declined. Load-to-truck ratios reflected seasonal demand, with lower ratios compared to the same period last year. The threat of strikes in the parcel and less-than-truckload sectors could impact demand for truckload services in the coming months.

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Jennifer Joslyn
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