Dry Van Freight Contracts Fall
While contract and spot prices in the transportation industry have been narrowing, there's still a significant gap between the two, as pointed out by Adamo.
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.
Independence Day Holiday Week Sees Decline in Spot Market Freight Rates and Volumes, with Flatbed Rates Showing Resilience
Spot market freight rates and volumes experienced a decline during the Independence Day holiday week, according to the Truckstop system.
Van Rates Rise, Flatbed Rates Decline for Fifth Consecutive Week
Spot rates for van equipment increased in line with seasonal expectations, while flatbed rates experienced a slight decline for the fifth consecutive week, although not as steep as in previous weeks, according to a report by Truckstop and Freight Transport Research.
Freight trucking rates are still declining
A decline in freight trucking rates generally means that the demand for trucking services is weaker than the supply of available trucking capacity.
Carriers forced to reduce ocean container rates with cooling demand
After historically high freight rates in the maritime shipping industry clouded the sector while consumers panic-bought everything from furniture to toilet paper during the pandemic years - the rates have finally cooled off.