The amount of freight, along with rates, are both generally down on the spot market, according to one of the nation’s largest freight matching services.
Credit: DAT Transcore
DAT reports overall spot market loads available fell 1.5% September 22 through 28, compared to the previous seven days.
Load-to-truck ratios also declined in two of the major categories, with flatbeds falling 5.5% while reefers lost 0.9%. In contrast, the van load-to-truck ratio gained 4.6%.
Van rates lost 0.5% during the period, for an average of $1.86 per mile, despite load volume increasing 3.7%, while reefers declined 1.4%, to $2.15 per mile, even though there was steady load volume. Rates for flatbeds were the only gainer, picking up 1.9%, to $2.13 per mile, rebounding from a mid-September slump.
DAT says national average rates contradicted regional trends while key markets for reefers are trending up in the Midwest and Southeast.