Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Spot Freight Rates Post Big Increases

Rates on the spot market have spiked over the past week, according to new figures from the freight-matching service provider DAT.

by Staff
March 12, 2014
Spot Freight Rates Post Big Increases

Click graphic to enlarge.

2 min to read


Click graphic to enlarge.

Rates on the spot market have spiked over the past week, according to new figures from the freight-matching service provider DAT.

Reefers picked up the most of the three categories from March 2 through March 8, compared to the week before, adding 6.2%, for an average of $2.23 per mile, while vans increased 4% to $2.07 per mile. Flatbeds gained 2.4% for $2.15 per mile.

Ad Loading...

This happed as the number of spot market loads fell just by 0.2% while truck capacity declined 7.2%, putting further pressure on rates as shippers continue to work through a backlog of freight from weather delays, according to DAT.

Not surprisingly, load-to-truck ratios increased, with the biggest happening with reefers, adding 12.1%, followed by vans increasing 7.6% and flatbeds gaining 3.9%.

Meantime, new monthly numbers show spot market freight availability climbed 7.5 % in February from January, achieving unprecedented levels in the middle of the first quarter, typically the quietest time of the year for freight transportation. Extreme winter weather across the country disrupted normal supply chain networks, sending freight to the spot market to meet capacity needs

Ad Loading...

February load availability compared to the month before rose 9.1% for vans and 16% for flatbeds, but only 1.3% for refrigerated trailers.

Year-over-year freight volumes surged 83% during February to a new single-month record. Van freight increased 87%, flatbed freight rose 71% and reefer freight volume more than doubled with a 112% gain.

Capacity demands boosted spot market rates to atypical highs in February, especially for vans and reefers, according to DAT. This is seen in the year-over-year increase in all three major equipment types, as rates rose 23% for vans, 14% for reefers and 4.7% for flatbeds. Compared to January 2014, which had similar weather disruptions to the supply chain and unseasonal freight on the spot market, rates rose a more modest 2.7% for vans and 6.7% for reefers, but declined 1.3% for flatbeds.

More Fleet Management

HDT Cyber Stop graphic pairing a laptop displaying binary code with a person using a clipboard to inspect a truck chassis, against a background of padlock icons.
Fleet Management•November 2, 2026

Give Your Trucking Fleet a Cybersecurity Walkaround

Your fleet's cybersecurity policies may look good on paper. These seven checks can help you find out whether they’re working.

Read More →
Red Kodiak-branded autonomous tractor with Charger-branded trailer backed up to warehouse
Fleet Management•October 30, 2026

Kodiak Lines Up Fleets for Driverless Trucking

An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.

Read More →
Illustration with Star of David and EEOC logo
Fleet Management•by News/Media Release•October 28, 2026

ITS Logistics Settles Religious Harassment Case

The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.

Read More →
Ad Loading...
Truck on divided interstate highway driving toward sunrise
Fleet Management•October 27, 2026

Your Trucks Are Busy. That Doesn’t Mean They’re Winning.

High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.

Read More →
ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Ad Loading...
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →
Ad Loading...
Four horizontal and two vertical video screens show different aspects of BeyondTruck's new compatibility engine
Fleet Management•by Deborah Lockridge•October 19, 2026

BeyondTrucks Adds Rules Checks to Dispatch

New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.

Read More →