DAT Trendlines

DAT reported that the number of available loads on the spot truckload freight market increased 0.3%, and the number of available trucks, for the week, was off 1.2% on a sequential basis. The firm explained that while spot market truckload rates usually see a seasonal dip following the July 4 holiday, that was not the case this year, with rates remaining high throughout the month.

While the truckload spot market finished 2020 from a position of strength, in that it hit various highs, DAT Freight and Analytics recently pointed out that spot rates have subsequently fallen 10% since the end of the year and are pegged to head down another 8%-to-10% in the coming weeks.