Spot truckload market’s posts exceed expectations

Spot truckload market’s posts exceed expectations

The number of available loads on the spot truckload market slipped just 3% during the week ending July 22, 2017, better than expected for the middle of July, said DAT Solutions, which operates the DAT network of load boards.

Nationally, the overall number of truck posts was up 2% compared with the previous week as demand for capacity stayed solid and prices remained high. Load-to-truck ratios for all three major freight segments fell 5%: the load/truck ratio for reefers was 8.5; vans 4.8; flatbeds 36.1.

For the spot reefer market, load posts decreased 6% while truck posts were up 11% the week ending July 22. There were some bright spots including a boost in activity and rates out of the Midwest, where fruit and vegetable harvests are coming in. The national average spot reefer rate dropped 3 cents to $2.09/mile.

Spot van load posts declined 1% and the number of posted trucks increased 2%. The national average van rate dipped 2 cents to $1.81/mile as most major markets saw lower pricing. Los Angeles ($2.18/mile, down 5 cents), Chicago ($2.07/mile, down 2 cents), Houston ($1.80/mile, down 5 cents), and Atlanta ($2.12/mile, down 7 cents) all reflected lower spot truckload prices for outbound van freight.

Flatbed load posts retreated 1% the week ending July 22 while truck posts gained 4%. At $2.18/mile, the national average flatbed rate was 2 cents lower than the previous week.

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.

For the latest spot market load availability and rate information, visit www.dat.com/industry-trends/trendlines.

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