DAT: Spot rates slip amid weaker demand for trucks

Europe’s hauliers feel the pain of weak demand and low freight rates

Weakening demand is eating into European road freight operators’ profitability this year, with contract and spot rates declining through the first quarter. Data from Upply x Ti x IRU’s European Road Freight Rate Development Benchmark Report indicates a quarter-on-quarter dip of 2.3 points in contract rates for the three months to April, and spot rates dropping more precipitously, falling 3.8 points quarter on quarter. Last year rates appeared to…

DAT: Spot rates slip amid weaker demand for trucks

BEAVERTON, Ore. — The number of posted loads on DAT One fell to just below 2.2 million from May 4-10, a 1.3% decrease compared to the previous week. “Dry van linehaul rates decreased by almost 2 cents to a national average of $1.60 a mile on 1% lower volume of loads moved,” said Dean Croke, DAT iQ industry analyst. “At $1.60 a mile, the average linehaul rate remained 3 cents higher than last year. Truck posts fell to 249,820, a 5.5% week-over-we…