Spot truckload market rates remain in a holding pattern

Spot truckload market rates remain in a holding pattern

The number of available loads on the spot truckload market fell 3.9% during the week ending August 6, 2016, while rates held steady despite a reduction in the average fuel surcharge, reported DAT Solutions, which operates the DAT network of load boards.

Nationally, the average diesel price dipped another 3 cents to $2.32/gallon compared with the previous week, which led to a 1-cent fuel surcharge loss.

Other highlights from the week ending August 6:

Reefers—Demand for reefer trucks was up as the back-to-school grocery season and late summer harvests both picked up steam.

The national average spot reefer rate remained at $1.93/mile as the number of reefer load posts increased 4% while truck posts were unchanged. The reefer load-to-truck ratio was 5.3 loads per truck.

Northern reefer-freight markets are showing strength. Rates jumped 14 cents to $1.80/mile out of Elizabeth NJ the week ending August 6 as fruit and vegetable harvests in rural New Jersey and Pennsylvania contributed to an rise in demand. Elsewhere, regional markets with highest average rates held steady compared with the previous week:

•Southeast—Atlanta GA, $2.29/mile, up 3 cents

•West—Los Angeles CA, $2.48/mile, up 2 cents

•Midwest—Green Bay WI, $2.47/mile, up 2 cents

•South Central—McAllen TX, $1.74/mile, down 3 cents

•Northeast—Philadelphia PA, $2.29/mile, up 2 cents

Vans—The number of van load posts decreased 2% the week ending August 6 while truck posts held steady. That caused the load-to-truck ratio to dip 2% to 2.7 loads per truck.

At $1.64, the national average spot van rate was unchanged versus the previous week. Van rates recovered 5 cents out of Chicago IL the week ending August 6 to $1.92/mile, and Columbus OH rates gained 2 cents to $1.81. Memphis TN added 3 cents to $1.87/mile, a positive sign for haulers of retail freight.

Flatbeds—The number of flatbed load posts declined 10% the week ending August 6 while truck posts climbed 1%. That caused the load-to-truck ratio to fall 11% to 12.8 loads per truck.

The national average flatbed rate increased 1 cent to $1.93/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.

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