Spot Market Rates Fall for Vans and Reefers, Flatbeds Recovering

October 2, 2013

By Evan Lockridge

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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
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.

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