Spot Market Rates Barely Improve Despite More Freight
December 01, 2013
The amount of freight on the spot market has jumped considerably but rates have improved little.
Freight matching service provider DAT reports total loads available increased 7.8% Nov. 17 through 23 compared to the previous seven days. Load volume for vans posted the largest week-to-week gain so far this month, up 10.7%, with elevated retail activity and Christmas tree shipments out of the Northwest, North Carolina and Michigan, among other markets.
Load-to-truck ratios also greatly increased in the van and reefer categories, picking up 15% and 13%, respectively, while if fell 7.3% in the flatbed sector.
The average rate for vans held at $1.86 per mile for the third straight week, while reefer rates fell for the second consecutive week, down 1.4% over the past week, averaging $2.04 per mile, despite an 11.9% increase in loads last week. The average rate for flatbeds was the only gainer, increasing 0.5% to $2.06 per mile.