Spot truckload van and refrigerated freight rates finally recovered during the week ending September 5, 2015, after a period of higher demand and falling fuel surcharges, according to DAT Solutions, which operates the DAT network of load boards.
The average flatbed rate lost 2 cents per mile, however. National average load-to-truck ratios rose for all three equipment types.
Van load availability increased for the second straight week, with the number of posted loads up 6% compared with the previous week. With available truck capacity down 3%, the national average load-to-truck ratio increased to 2.0 loads per truck the week ending September 5, meaning there were 2.0 available van loads for every truck posted on the DAT network.
The national average van rate rose 3 cents to $1.78 per mile despite a 1-cent decline in fuel surcharges, showing signs of recovery.
During August, the average van rate was $1.75 per mile, 6 cents lower than in July, due partly to a 4-cent drop in the average fuel surcharge; and 25 cents below the rate for August 2014, also due to the fuel price decline that shaved 23 cents per mile off the average surcharge.
Refrigerated load volume jumped 4% versus the previous week while available truck capacity was mostly flat (up 0.3%). The reefer load-to-truck ratio rose from 4.9 to 5.1 and the average reefer line-haul rate climbed 3 cents, but that was offset by a 2-cent drop in fuel surcharges for a national average of $2.04 per mile.
Flatbed load availability slipped 1%, but the number of truck posts fell 7%. The national flatbed load-to-truck ratio increased from 9.5 to 10.1 loads per truck and the average flatbed rate slipped 2 cents to $2.04 per mile.
The national average price of diesel rose 2 cents to $2.53 per gallon the week ending September 5. All reported rates include fuel surcharges.
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. Load-to-truck ratios represent the number of loads posted for every truck available on DAT load boards. The load-to-truck ratio is a sensitive, real-time indicator of the balance between spot market demand and capacity. Changes in the ratio often signal impending changes in rates.
For complete national and regional reports on spot rates and demand, access www.dat.com/Trendlines.