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Industry News

Spot market bolstering contract renewal rates

The number of available loads on the spot truckload freight market climbed 0.3% during the week ending August 1, according to DAT Freight & Analytics, operator of the industry’s largest load board and the DAT iQ data analytics service.


The number of available trucks fell 1.2% compared to the previous week.


Truckload rates on the spot market typically drop after the July 4 holiday but were elevated all month, according to DAT, buoyed by demand in Southern California and other port markets. July volumes declined compared to June – the busiest month on record. The number of available van, refrigerated and flatbed loads on the DAT network fell 17.1% and capacity dropped 6.6%.