The number of available loads on the spot truckload freight market dipped 0.9% during the week ending August 20, 2016, while van load volume picked up, indicating that spot van rates may soon be on the rise, reported DAT Solutions, which operates the DAT network of load boards.
Overall, the number of truck posts was largely unchanged, and the load-to-truck ratio held at 4.2 loads per truck on DAT load boards.
Reefer trends—The number of reefer load posts increased 2% the week ending August 20 while capacity declined 2%. That boosted the load-to-truck ratio from 5.0 to 5.3 loads per truck. Volume is still up 8% from this time a month ago, and rates have mostly held firm on the high-traffic lanes.
The national average spot market rate for reefers edged down 1 cent to $1.89/mile. By region, top-paying markets included:
•West—Los Angeles CA, $2.40/mile (down 4 cents)
•Midwest—Grand Rapids MI, $2.75/mile (up 7 cents)
•South Central—Dallas TX, $1.70/mile (up 4 cents)
•Southeast—Atlanta GA, $2.24/mile (down 6 cents)
•Northeast—Philadelphia PA, $2.17/mile (down 3 cents)
Van trends—The national average van rate slipped 1 cent to $1.60/mile the week ending August 20 compared with the previous week, although rates were stable on the nation’s top 100 van lanes.
The number of van load posts rose 1% and truck posts stayed the same, which yielded a gain in the load-to-truck ratio from 2.5 to 2.6 loads per truck.
Flooding in Louisiana led to higher rates on lanes heading into the New Orleans market, which includes Baton Rouge.
Van loads from Dallas to New Orleans paid 18 cents better the week ending August 20 at an average of $1.79/mile. Houston TX to New Orleans also added 16 cents to $2.10/mile.
Increases were even more dramatic on lanes into the Shreveport LA market, which includes Alexandria. Ensler Field outside Alexandria is one of the staging areas for FEMA.
Flatbed trends—The number of flatbed load posts fell 4% while truck posts climbed 4%. That pushed the load-to-truck ratio down from 11.0 to 10.2 loads per truck. The national average flatbed rate was unchanged week over week at $1.92/mile.
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. All reported rates include fuel surcharges.
Get the latest rate trends at www.DAT.com/Trendlines.