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Spot Truckload Volume Up 11% for the Week After Sluggish Q1

April 7, 2016 By: Trucking News Staff Tags: Fleet Management, News
Spot Truckload Volume Up 11% for the Week After Sluggish Q1

Spot truckload volume increased 11 percent during the week ending April 2 as shippers moved freight out the door to close Q1 on a high note, reported DAT Solutions, which operates the DAT network of load boards.

  • Available capacity dropped 5.5 percent to drive load-to-truck ratios up across all three equipment types.
  • Month-over-month, spot volume was 42 percent higher in March compared to February. However, March volume was 28 percent less compared to March 2015.
  • In the van market, the number of posted loads increased 16 percent last week as the national average van rate added a penny to $1.57 per mile.
  • Several key markets experienced higher average outbound rates compared to the previous week. Chicago outbound rose 3 cents to $1.77 per mile; Houston added 3 cents to $1.45; Los Angeles gained 1 cent to $1.82; and Buffalo jumped 4 cents to $1.93. Nationally, the van load-to-truck ratio was 1.9 — a 23 percent gain.
  • While these van rate increases aren’t dramatic, they are trending upward over the past month in popular lanes, especially in the Southeast and South Central regions.
  • The number of reefer load posts increased 3 percent while truck posts fell 2 percent last week. As a result, the national average reefer load-to-truck ratio rose 5 percent to 3.2 and the reefer rate was unchanged at $1.82 per mile. Demand and rates are trending up slowly in the spot reefer market.
  • Flatbed load volume rebounded 12 percent and capacity decreased 10 percent last week, for a 23 percent hike in the load-to-truck ratio. The national average flatbed rate picked up 4 cents to $1.91 per mile.
  • The national average diesel price was unchanged at $2.12 a gallon.

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.