Average van rate approaches record high

Capacity pressure eased during the week ending June 14 as spot truckload freight availability dipped 0.7% and the number of available trucks increased 12%, according to DAT Solutions, which operates the DAT network of load boards.
The national average load-to-truck ratio fell 13% to 10.1, meaning there were 10.1 van, refrigerated, and flatbed loads posted for every truck available on DAT load boards.
For vans, the national average rate added 2 cents (1.1%) to $2.07 per mile (including fuel surcharge), as the rate approached the all-time high of $2.10 per mile set in March 2014. The number of posted van loads fell 0.7% while van capacity increased 14% compared with the previous week. The van load-to-truck ratio was down 13% to 4.2.
The national average reefer rate rose 3 cents to $2.41 per mile on the strength of Western markets including Los Angeles ($3.10 per mile, up 7 cents) and Fresno CA ($2.46 per mile, a 13-cent jump). Average outbound rates from Florida continued to cool, including Lakeland dropping 30 cents to $2.26 per mile.
Posted refrigerated load totals fell 2.8% against a 7.9% increase in posted capacity, sending the reefer load-to-truck ratio down 10% to 11.1.
For flatbeds, the national average rate fell 2 cents (0.8%) to $2.42 per mile last week. The number of posted flatbed loads slipped 0.3% compared with the previous week and capacity added 4.7%, producing a 4.8% drop in the national load-to-truck ratio. It remains robust at 48.5 posted loads per truck.
The national average diesel price declined a penny to $3.88 per gallon. Prices had dropped 2.6 cents per gallon during the previous week.
Load-to-truck ratios represent the number of loads posted for every truck posted 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. Rates are derived from DAT RateView.
For complete national and regional reports on spot rates and demand, go to www.dat.com/Resources/Trendlines.aspx. DAT Trendlines is a weekly report on spot market freight availability, truck capacity, and rates.

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