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Available Freight on Spot Market Falls, Rates not Improving

June 5, 2013

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The amount of spot market freight available at the end of May and into the first of June fell dramatically while rates barely changed.

New figures from freight-matching service provider DAT TransCore show May 26 through June 1, the number of spot market loads available in the U.S. fell 19% from the previous seven days.

Rates for dry vans and reefers were unchanged during the period, coming in at an average of $1.82 and $2.14 per mile, respectively. In contrast rates for flatbeds fell 0.5% to an average of $2.13 per mile.

Load-to-truck numbers improved for flatbeds, gaining 5.4%, followed by dry vans increasing 1.8%. Reefers fell sharply by 12%.

When May is compared to the same time a year ago numbers on the spot market are down across the board with overall freight availability declining 9.9% while load-to-truck numbers in the three major sectors fell between 9.4% to as much as 39%.

As for rates, they are down by as much as 7.4% for flatbeds, while dropping much less for dry vans and reefers, falling 1.1% and 0.5%, respectively.

Comments

  1. 1. Patrick "Pops" Irish [ June 06, 2013 @ 04:48AM ]

    "As for rates, they are down by as much as 7.4% for flatbeds, while dropping much less for dry vans and reefers, falling 1.1% and 0.5%, respectively"
    Anyone consider this might be because "Freight Rates" already had the heart cut out of them by the brokers>?

  2. 2. John Scott [ June 11, 2013 @ 12:44PM ]

    Rates are bad and have been bad for some time. Oh sure we have seen peaks of progress but only to see them retreat back. As a owner operator who see's almost all expenses increase, its hard to find anymore ways to cut back to save. Rates need to go up or I will hang it up. Losing money to haul customers freight is not going to happen. I don't haul every load for charity.

 

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