As expected, the number of available loads on the spot truckload freight market surged last week compared to the previous week, which was shortened by the Thanksgiving holiday, according to a DAT Trendlines report.
As expected, the number of available loads on the spot truckload freight market surged last week compared to the previous week, which was shortened by the Thanksgiving holiday, according to a DAT Trendlines report.
Less expected was the unseasonably high number of loads posted to the DAT network of load boards during the week ending Dec. 3: a 64% jump in the number of available loads compared to a 13% increase in the number of posted trucks.
The spot van load-to-truck ratio is the highest since June 2014; the refrigerated ratio is at its highest since March 2015:
Van L/T: 4.7 (up 61%)
Reefer L/T: 8.2 (up 36%)
Flatbed L/T: 18.8 (up 27%)
With demand on the upswing, rates rose across all three equipment types:
Vans: $1.74/mile, up 8 cents
Reefers: $1.96/mile, up 1 cent
Flatbeds: $1.91/mile, up 2 cents
Those rates include a fuel surcharge. The average price of on-highway diesel gained 2.4% compared to the previous week at $2.48/gallon.
Van Loads Soar: The number of van load posts soared 80% and truck posts increased 11% week over week. Spot van rates stayed strong in key regional markets:
Chicago, $2.09/mile, unchanged
Dallas, $1.57/mile, up 2 cents
Charlotte, $2.02/mile, up 5 cents
Buffalo, N.Y., $2.12/mile, up 10 cents
Los Angeles, $2.16/mile, down 3 cents
Reefers Cooling: Reefer load posts were up 49% last week and truck posts increased 9%. With holiday produce on the move, the national average rate for November was 6 cents higher than October’s average. But prices are now tailing off in produce markets:
Crops out of Green Bay are mostly finished and prices on some lanes fell hard. Green Bay-Joliet, Ill., was down 36 cents to $1.97/mile
Out of California, loads on the Ontario-Chicago lane paid 20 cents less last week at $1.71/mile, and Fresno-Boston slipped 17 cents to $1.91/mile
Miami rates slipped after big gains in the previous week. Miami-Boston fell 22 cents to $1.63/mile, and Miami-Elizabeth, N.J., dropped 21 cents to $1.47/mile
Flatdecks Bounce Back: Flatbed demand bounced back after Thanksgiving: the number of flatbed load posts increased 59% and truck posts gained 26% compared to the previous week.
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.
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