The number of trucks posted on the spot truckload market jumped 21% for the week ending December 12, 2015, while available freight fell 18% compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.
Nationally, the average van rate slumped 5 cents to $1.72 per mile, led by a falling surcharge and declines in key markets including Los Angeles CA (down 9 cents to $2.02 per mile) and Memphis TN (off 10 cents to $1.94 per mile).
The number of available van loads dropped 25% week over week and truck posts increased 22%, producing a van load-to-truck ratio of 1.7 loads per truck, meaning there were 1.7 van loads for every truck posted on the DAT network.
For reefers, the national average rate dipped 1 cent to $1.94 per mile due to a lower fuel surcharge. The number of reefer load posts was down 26% while truck posts climbed 24% for an average reefer load-to-truck ratio of 3.4.
The number of flatbed loads posted was off 1% and available truck capacity rose 18%, leading to a national load-to-truck ratio of 6.8. Average flatbed rates were $1.91 per mile, down a penny due to a lower fuel surcharge.
Diesel’s price lost another 4 cents for a national average of $2.34 per gallon.
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.
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, go to www.dat.com/Trendlines.