The availability of spot truckload freight fell 10% while the number of trucks posted gained 7% during the week ending October 14, 2017, reported DAT Solutions, which operates the DAT network of load boards. The combination of fewer loads and more available capacity helped send load-to-truck ratios lower compared with the previous week:
•Refrigerated—10.1 loads per truck, down 19%
•Van—5.4 available loads per truck, down 17%
•Flatbed—40.9 loads per truck, down 12%
Spot flatbed load posts declined 7% and truck posts increased 6% as rebuilding efforts in Florida and the Gulf Coast continue to put pressure on the flatbed market. The national average spot flatbed price climbed again while van and reefer rates dipped:
•Reefer—$2.36/mile, down 1 cent
•Van—$2.07/mile, down 2 cents but still relatively high
•Flatbed—$2.33/mile, up 2 cents to a new two-year high
In the spot reefer market, load posts dropped 13% and truck posts rose 7% from the previous week. Florida reefer volumes recovered the week ending October 14, but outbound rates were so low they actually contributed to a drop in the national average reefer rate.
Spot van load posts decreased 11% and truck posts advanced 7%. Van rates moderated the week ending October 14, but the decline may be short-lived, with volumes surging in California and other Western states. The top market for van freight was Los Angeles, where the average rate jumped 4 cents to $2.41/mile. Rates were softer elsewhere:
—Columbus OH: $2.62/mile, down 14 cents
—Buffalo NY: $2.56/mile, down 13 cents
—Dallas TX: $1.78/mile, down 1 cent
—Houston TX: $1.75/mile, unchanged
—Atlanta GA: $2.23/mile, down 6 cents
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.