As states and localities ease shopping restrictions, and as the Fourth of July approaches, demand for dry van capacity has stimulated the spot truckload market for the week ending June 22, DAT reported on Wednesday. Spot van rates and refrigerated rates are rising, according to DAT, which operates the largest load board. And in perhaps a telling sign of a coming capacity crunch, available trucks on DAT’s network fell 3.5% from the week earlier.
ACT Research said May had the largest month-over-month increase in for-hire freight volume. In April, the organization reported the worst reading of the same metric in its history of measuring it. Inventories are rebuilding, following a draw-down in March and April, and it is “a much more stable volume environment,” said Tim Denoyer, ACT VP and senior analyst, in a Tuesday news release.