Spot truckload freight activity fell sharply during the week ending July 8, 2017, as the number of posted loads decreased 34% and truck posts slipped 19%, said DAT Solutions, which operates the DAT network of load boards.
With July 4 landing on a Tuesday, many people took Monday off for a four-day weekend. Load posts, truck posts and load-to-truck ratios were down for all three equipment types as a result of the shorter work week.
National average spot rates remain elevated, however.
Reefer trends—Reefer load posts plunged 36% after several weeks of ramp-up to the Fourth of July holiday. Truck posts were down just 9% by comparison, which pushed the national reefer load-to-truck ratio 29% lower to 8.3 loads per truck.
The national average spot reefer rate increased 5 cents to $2.17/mile.
Van trends—Nationally, the number of van load posts declined 32% and truck posts were down 20% the week ending July 8. That caused the van load-to-truck ratio to drop 16% to 5.4 loads per truck.
The national average van rate rose to $1.90/mile while rates from major markets slipped:
•Los Angeles CA—$2.26/mile, down 3 cents
•Chicago IL—$2.11/mile, down 1 cent
•Dallas TX—$1.83/mile, down 4 cents
•Houston TX—$1.86/mile, down 2 cents
•Atlanta GA—$2.26/mile, down 4 cents
Flatbed trends—Flatbed load posts sunk 33% while truck posts dropped 29%, which sent the load-to-truck ratio to 7% lower to 36.3 loads per truck. The national average rate for flatbeds was $2.21/mile the week ending July 8, its highest level in two years.
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/trendlines.