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- Nationwide, spot market freight dipped by 9.6% in the week
ending July 24, compared with the previous week, as load availability
declined for all equipment
types.
- Load postings eased by 12% for vans
and flatbeds,
and by 2% for reefers,
compared to the previous week.
- Spot freight availability for the month of June declined by 8%,
compared to May. This is not the usual seasonal pattern, as June has
historically been a stronger month for spot freight than May.
- June's atypical pattern was due in part to the 18% decline in
load postings for flatbeds,
and to the comparatively high freight availability recorded from
January through April of this year. Freight availability in the
second quarter was 62% higher than in the first quarter, which is
normal for the season.
- On a year-over-year basis, there were 134% more load postings --
more than twice as many -- in June 2010 than in June 2009. The past
month also saw the strongest spot freight volume in ten years for the
month of May.
- Load-to-truck ratios for all equipment types vastly outperformed 2009 levels in
June, on a
year-over-year basis. Load-to-truck ratios for vans and reefers
outperformed May, on a month-over-month basis, while the ratio
declined for flatbeds due to the decreased load availability noted
above..
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- Of June's top15 states by spot market posting activity, inbound load postings
(blue) dominated
outbound loads (orange) in Texas, Pennsylvania and New
York.
- Inbound and outbound load availability were most closely balanced in Ohio,
Illinois and Missouri.
- Outbound loads (orange) dominated inbound postings in Georgia,
California, Arkansas and Alabama.
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