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DAT’s Spot Truckload Freight Volume Shows 7% Hike for Week

November 29, 2016 By: Trucking News Staff Tags: Fleet Management, News
DAT’s Spot Truckload Freight Volume Shows 7% Hike for Week

The number of available loads on the DAT network of load boards jumped a full 7 percent during the week ending Nov. 19.

Balanced against a 2 percent gain in posted trucks, national average load-to-truck ratios picked up across the board, with van L/T up 5 percent; reefer L/T up 4 percent and flatbed L/T up 6 percent.

Van volumes bounced back in a big way and, as a national average, spot truckload rates remained unseasonably high:

  • Vans: Unchanged at $1.67/mile
  • Reefers: Down 1 cent due to a slip in the average fuel surcharge to $1.94/mile
  • Flatbeds: Up 2 cents to $1.91/mile.

Those rates include a fuel surcharge. The average price of on-highway diesel weakened, down 2 cents to $2.42/gallon.

Top Van Markets: Freight volume in the spot van market was up 7 percent, with more loads moving out of Atlanta, Dallas and Houston for the week. Los Angeles was still No. 1 for vanload posts. The average outbound rate there was $2.12/mile, up 3 cents.

Two big gains in the van market were on lanes out of Denver, with Denver-Oklahoma City rising 20 cents to $1.23/mile and Denver-Stockton, Calif., adding 18 cents to $1.25/mile. Not every van lane out of Denver did better. Denver-Phoenix paid just $1.03/mile on average — off 15 cents from the previous week.

Regional High Van Markets:

  • Chicago, $2.08/mile, up 1 cent
  • Dallas, $1.52/mile, up 2 cents
  • Charlotte, $1.90/mile, up 3 cents
  • Buffalo, N.Y., $1.96/mile, up 3 cents.

Reefer Rebounds: Reefer load posts bounced back 7.5 percent for the week. A strong fall harvest and last-minute Thanksgiving groceries added to demand for capacity.

Risers: Most major reefer markets posted higher rates last week. There’s still a shortage of trucks in Southern Idaho, and Twin Falls remains the No. 1 market for reefer load posts.

Other lanes with gains:

  • Green Bay-Joliet, Ill.: $3.54/mile, up 29 cents
  • Atlanta-Lakeland, Fla.: $2.86/mile, up 14 cents
  • Elizabeth, N.J.-Boston: $3.61/mile, up 5 cents.

Deck the Hauls: Flatbed load posts increased 5 percent for the week and truck posts fell 1 percent. Load-to-truck ratios soared in Christmas tree-growing markets, including Spokane, Medford, Ore., and Rapid City, S.D.

While a few flatbed-freight markets saw big gains (Houston-New Orleans, up 19 cents to $2.22/mile), average spot rates declined in several key lanes:

  • Cleveland-Harrisburg, Pa., down 15 cents to $2.62/mile
  • Atlanta-Baltimore off 20 cents at $1.92/mile
  • Rock Island, Ill.-Minneapolis fell 19 cents to $2.06/mile
  • Reno-Watsonville, Calif., down 9 cents to $3.56/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.