DAT Freight Index Reports Spot Market Rates Still Strong Despite Recent Dips
Little Rock, Arkansas – The freight market is stabilizing according to the most recent DAT Freight Index figures. The September DAT Freight Index saw a return to the seasonal pattern on the spot market, with a month-over-month decline of 14%. By comparison, September 2017’s figures showed freight volume dropped 30%, due in large part to a sharp decline in demand for flatbed equipment, compared to last year’s hurricane aftermath. Interestingly, DAT says Hurricane Florence did not affect freight flows very much.
DAT Solutions market analyst Peggy Dorf explained, “The decline in load posting volume in the DAT load board marketplace actually signals a return to stability, as 3PLs and freight brokers are able to find trucks more quickly. Volume can be expected to increase in the fourth quarter, although year-over-year increases may be muted due to the strength of comparable months in 2017.”
Rates are still holding strong across all equipment types despite recent dips. In fact, rates are higher for all equipment types than in any previous year since 2010 which is when DAT first introduced their spot market rates database.
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