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Spot truckload postings on the DAT One network fell 16% in the week of July 17, from 2.9 million to 2.4 million loads. Dry van, reefer and flatbed posts were all well below year-earlier levels.
Spot rates continued to edge lower as freight shifted toward contract pricing and diesel prices stayed high.
Weaker spot truck demand and lower rates ease freight costs for feed and grain movements that rely on trucking. The softening reflects slowing freight demand and cheaper capacity rather than a supply disruption.
overdriveonline.comTodd DillsJul 27, 2022After 153 past logistics events, DIESEL moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
