Demand for truckload capacity increased and national average rates on the spot truckload market remained solid during the week ending June 27, 2015, reports DAT Solutions, which operates the DAT network of load boards.
The national average spot van rate dipped 1 cent to $1.89 per mile (including surcharge). DAT said the number of posted van loads jumped 6.4% and truck posts declined 4.6% the week ending June 27, driving the load-to-truck ratio up 11.6% to 2.3. That means there were 2.3 available van loads for every truck posted on the DAT network.
For refrigerated freight rates, the national average also fell 1 cent to $2.21 per mile despite rates recovering in Florida and central California. Demand for available reefers surged 15% and available capacity slipped 4.6%, boosting the national average load-to-truck ratio by 21%. The ratio climbed from 5.0 to 6.1 loads per truck due partly to increased demand in California.
DAT also indicated that van and reefer rates typically rise during the first week of July as shippers close the month and the quarter, and due to more food deliveries for the Independence Day holiday.
The national average rate for flatbeds was unchanged at $2.19 per mile despite decreasing demand: flatbed load availability fell 6.9% the week ending June 27 and truck capacity added 1.1%. The flatbed load-to-truck ratio retreated 7.9% to 19.0.
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.