Truckload Freight Volumes and Spot Rates Decline: Insights from DAT Freight & Analytics

Truckload freight volumes and spot rates decline

Key Takeaways:

  • Truckload freight volumes decreased in the previous month
  • National benchmark spot rates for dry van and refrigerated loads have retreated from their gains in June
  • DAT Freight & Analytics reported these findings

According to DAT Freight & Analytics, truckload freight volumes took a hit last month, resulting in a decline in national benchmark spot rates for dry van and refrigerated loads. This comes as a disappointment, as these rates had shown promise with gains in June. However, the trucking industry experienced a setback, with decreased freight volumes and subsequent rate drops.

While the exact reasons for this decline are not outlined in the article, it is important to note that the trucking industry can be greatly impacted by various factors such as economic conditions, fuel prices, and seasonal demands. It is possible that one or more of these factors contributed to the decrease in freight volumes and spot rates.

This news may raise concerns within the trucking industry, as it indicates a potential slowdown in business. Trucking companies and independent drivers may need to reassess their strategies and explore ways to attract more freight volume and improve their spot rates. Adapting to changing market conditions is crucial for survival and growth in a competitive industry like trucking.

In conclusion, the recent decline in truckload freight volumes and spot rates is a setback for the trucking industry. It serves as a reminder that the industry is not immune to fluctuations and challenges. However, with resilience and strategic adjustments, trucking companies can navigate these hurdles and find new opportunities for growth.

This blog post has been generated using the information provided in the article:”DAT Truckload Volume Index: Volume Falls in July” by “News/Media Release”.

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