Spot market truckload rates rose 4.5 percent in June from May, according to TransCore Freight Solutions, as truckload capacity dropped 7 percent.
The company’s van freight indicators for June show the load-to-truck ratio declining 21 percent from May, while spot market freight availability rose 13 percent.
TransCore’s spot market data reflects reports of a stronger shipping month in June, with some shippers accelerating shipments in early June to secure capacity.
The Cass Freight Index for U.S. shipping reached its highest level in three years in June, growing 4.9 percent from May.
Shipments on TransCore’s DAT network of load boards typically peak in June, the company said. There were 3.8 loads per truck available in June.
Year-over-year, dry van shipments were up 26 percent in June. However, spot market truck capacity was up only 19 percent from a year ago, lagging demand.
Spot market dry van rates were up 3.8 percent year-over-year last month.
The national average linehaul rate for dry vans dipped in the first week of July but remained above May levels, according to TransCore’s Truckload Rate Index.
Load volume declined 1.9 percent week-over-week for dry vans in the week ending July 7, the load board operator and transportation technology company said.