Truckload Rates at Record Highs

National average spot rates were the highest in June they’ve been since January, when the spot market was first adjusting to the ELD mandate.

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Truckload capacity tends to tighten during the first week of June, when the annual Roadcheck truck and bus inspection blitz is held across North America. On average, 17 vehicles are inspected every minute, and one in four is found to have at least one out-of-service violation.

This was the first Roadcheck event with the ELD mandate in full effect, and not coincidentally, inspectors were focused on hours-of-service enforcement. Some truckers took a mini-vacation that week.

For instance, the number of available loads on DAT load boards was up 27 percent during the first week of June compared to the previous week, which included the Memorial Day holiday. That’s in line with expectations when you compare a five-day workweek to one with just four business days. Even with the extra day and 27 percent more available loads, the number of truck posts was unchanged week-over-week.

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