Spot truckload rates decrease yet remain well above averages for May

Spot truckload rates decrease yet remain well above averages for May

Average spot truckload rates dipped during the week ending June 20, 2015, but remain well above the averages for May, according to DAT Solutions, which operates the DAT network of load boards.
The number of van load posts declined 13% and available van capacity increased 3.2% the week ending June 20, driving the van load-to-truck ratio down 15% to 2.0 loads per truck, meaning there were 2.0 available van loads for every truck posted on the DAT network.
Van rates responded by dropping 2 cents to $1.88 per mile, the first change since a 5-cent increase during the first week of June. Average outbound rates rose in several key markets including Los Angeles CA, up 5 cents to $2.15 per mile; and Columbus OH, up 4 cents to $1.85 a mile.
Amid shifting harvest activity, demand for reefers slipped 5.4% and capacity added 2.6% as the reefer load-to-truck ratio retreated 7.8% to 5.0. The national average rate for reefers fell 1 cent to $2.22 per mile, DAT reported. Rates continue to tumble in Southern Florida—the average reefer rate out of Miami dropped 21 cents the week ending June 20—but jumped in key California markets.
Flatbed load availability sunk 13% the week ending June 20 while flatbed capacity added 13%. The flatbed load-to-truck ratio lost 23% to 20.6, which still indicates strong demand. The national average rate for flatbeds slid 1 cent to $2.19 per 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.
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.

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