Spot market load availability softened by 6.7 percent and equipment capacity declined by 15 percent in the week of August 15-21, compared to the previous week, according to TransCore.
Spot freight availability has declined in August, on a month-over-month basis, in five of the past seven years, compared to July of the same years. The two exceptions, August of 2005 and 2009, saw increases in spot market freight volume, as part of unusual seasonal patterns in those years.
For the month of July overall, loads were down by 12 percent and truck capacity increased by 18 percent, compared to June, which is typically a peak month for trucking freight.
Read Full Article
Timely, incisive articles delivered directly to your inbox.