The spot truckload market finished August on the rise as the number of available loads jumped 8.4% during the week ending September 3, 2016, according to DAT Solutions, which operates the DAT network of load boards.
Nationally, the average reefer rate added 3 cents, the van rate gained 6 cents, and the flatbed rate picked up a penny after a mostly lackluster month.
Load-to-truck ratios got a healthy boost, an indication that the higher rates may outlast end-of-month and pre-holiday pressure.
•Reefer trends—The number of reefer load posts increased 11% the week ending September 3 while capacity declined 2%. That boosted the reefer load-to-truck ratio 14% to 6.6 loads per truck. The national average reefer rate gained 3 cents to $1.92/mile including a 1-cent rise in the fuel surcharge.
In California, average outbound rates were generally strong including a 5-cent jump in the rate from Los Angeles ($2.46/mile). Idaho potato harvests led to higher volumes out of Twin Falls, but outbound rates slipped leading up to the Labor Day weekend.
Several key reefer freight lanes remained strong:
—Atlanta GA-LakelandFL: $2.84/mile, up 6 cents
—Elizabeth NJ-Boston MA: $3.55/mile, down 3 cents
—Chicago IL outbound: $2.35/mile, up 14¢
•Van trends—Van load posts climbed 13% and truck posts fell 2% for a 3.2 load-to-truck ratio, the highest ratio since July. The spike in freight volume pushed the national average van rate to $1.66/mile, a 6-cent gain compared with the previous week.
In the Midwest, a 4% increase in freight volume sparked an 8-cent-per-mile jump to $1.99/mile on outbound lanes from Chicago. Rates out of Columbus OH averaged $1.90/mile, up 6 cents.
Van volumes and rates were strong in the Southeast: Charlotte NC gained 6 cents to $1.94/mile, Atlanta was up 4 cents to $1.87/mile, and Memphis TN added 4 cents to $1.86/mile. Other top-paying markets by region:
—West: Los Angeles, $2.02/mile (up 2 cents)
—South Central: Houston TX, $1.50/mile (up 3 cents)
—Northeast: Allentown PA, $2.09/mile (up 10 cents)
•Flatbed trends—The number of flatbed load posts was steady while truck posts advanced 4%. That pushed the load-to-truck ratio up 4% to 10.1 loads per truck. The national average flatbed rate was up a penny (due to the fuel surcharge) at $1.91/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. All reported rates include fuel surcharges.
Get the latest rate trends at www.DAT.com/Trendlines.