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Flatbed Demand Picks Up in Spot Market

In a mixed week for the spot market, Flatbeds saw the only gain again continuing the trend in demand for the trailer type.

by Staff
March 26, 2015
Flatbed Demand Picks Up in Spot Market

 

1 min to read


The spot freight market was mixed last week as load availability decreased 3.9% and capacity crept upward by 6.6%, according to the latest numbers from DAT. Flatbed activity picked up, reefer loads fell, and van freight was steady.

Flatbed load ability grew 7.7%, and capacity fell 2.4% for the week. The flatbed load-to-truck ratio also increased from 14.8 to 16.4 reflecting the increased demand for the trailer. The average flatbed rate rose 3 cents to a national average of $2.18 per mile with some areas seeing rates climb as much as 40 cents.

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Reefer loads dropped 11% while available capacity increased by 9.8%, sending the load-to-truck ratio down from 9.6 to 7.8. The national average for reefer freight dipped 1 cent to $2.15 per mile due to a decline in the average fuel surcharge.

Van loads rates were unchanged for the third straight week at $1.94 per mile. Freight availability fell 9.1% and capacity rose 8.3%, resulting in a drop of van load-to-truck ratio to 2.9. However, demand may rebound by the end of the quarter, says DAT.

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