Spot Market Van Rates Jump First Week in December

December 11, 2013

By Evan Lockridge

SHARING TOOLS        | Print Subscribe

Van rates on the spot market surged the first week of December, according to the freight-matching service provider DAT.

It increased 3.2% to an average of $1.94 per mile, Dec. 1-7 from the week before. Van load volume was up 17.8%, hitting a higher weekly level that was in all of November. Rates started to slip in a number of major hubs, however, which may carry over to the rest of the supply chain next week, says DAT.

Flatbed rates, in contrast, gave up 1.4% for $2.05 per mile while reefer rates gained 1.4% for $2.10 per mile.

All this activity happened against a backdrop in which total spot market loads available during the period increased 16% and spot market capacity increased 5.2%, while load to truck ratios increased across the board.

The van load-to-truck ratio picked up 12%, followed by the flatbed load-to-truck ratio increasing 9.6% and the reefer load-to-truck ratio adding 7.6%.

When November is compared to the month before rates for rates for van and reefers posted increases of 2.2% and 2.5%, respectively, while flatbeds fell 2.3%.

Compared to the same month a year earlier, November rates for vans was the only gainer, increasing 2.7%, while it fell 5.5% for flatbeds and 0.5% for reefers.


Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All