Spot Market Freight Rates Down Over Past Week
A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions.
Reefer rates fell an average of 2.5% to $2.35 per mile for Dec. 7 through Dec. 13 compared to the previous seven days. Demand ebbed after Thanksgiving but may rebound briefly before Christmas, according to DAT.
Van rates posted a 0.5% decline to $2.09 per mile, though DAT described demand for the sector as being strong for the season while rates remain elevated.
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