DAT Truckload Volume Index: March spot rates drop on modest volumes
Roper Technologies, Inc. (ROP)
Last roper technologies, inc. earnings: 4/28 06:55 am
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Source: Business Wire
BEAVERTON, Ore.--(BUSINESS WIRE)--Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics, which operates the DAT One online freight marketplace and DAT iQ data analytics service.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240416072308/en/(Graphic: DAT Freight & Analytics)The DAT Truckload Volume Index (TVI), an indicator of loads moved in a month, increased modestly for all three equipment types compared to February:Van TVI: 260, up 4.0%Refrigerated TVI: 200, up 2.6%Flatbed TVI: 242, up 4.4%Volumes typically increase from February to March, which had two more shipping days this year. “The decline in van and reefer spot rates coincided with the demand for truckload services picking up marginally toward the end of the month,” said Ken Adamo, Chief of Analytics, DAT Freight & Analytics. “There were no big swings or signs tha
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