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Spot Freight Rates Give Back Some of Last Week’s Gains

March 19, 2014

By Evan Lockridge

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After posting big increases last week, rates on the spot market have cooled, according to the freight-matching service DAT.

Flatbed rates fell 2.4% March 9 through March 15, compared to the previous seven days, erasing all of last week’s gain, hitting an average of $2.10 per mile, while reefers declined 2.3% for $2.18 per mile, following a 13 cents increase the week before.

Van freight was the only gainer, picking up 1% for $2.09 per mile, its highest level out of the last four weeks and still near its peak level.

Van freight availability dropped only 0.4%, while truck available capacity increased 8.2%. That moved the load-to-truck ratio lower to 5.8, down 8% from 6.3 the prior week.

Available flatbed loads climbed 16% while truck capacity tightened 2.4%. The load-to-truck ratio rose 19% to 36.1 from 30.4 the prior week.

Overall load volume for reefers increased 3.9% last week, while truck capacity increased 8.8%, moving the load-to-truck ratio down 4.5% to 17.4, from 18.2 the prior week.

This happened as total load volume on the spot market increased 7.2% with truck capacity up by 6.4%.

Comments

  1. 1. william jenkins [ March 20, 2014 @ 06:27AM ]

    I would like to send and share thia artixle with someone. How do I do this? Thanks

  2. 2. mimi [ March 20, 2014 @ 08:23AM ]

    just click the envelope or any of the facebook or twitter on top of this page

 

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