DAT: August Spot Rates, Freight Volume Higher Than Year Earlier
UPDATED -- Spot market freight volume continued to achieve record-setting levels in August, increasing 32% compared to the same month in 2013, while freight availability remained constant.
by Staff
September 16, 2014
1 min to read
UPDATED -- Spot market freight volume continued to achieve record-setting levels in August, increasing 32% compared to the same month in 2013, while freight availability remained constant, with just a 0.4% uptick from July to August, according to the DAT North American Freight Index released Tuesday.
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Compared to August 2013, freight volume rose for all three equipment categories in the U.S. Van load availability rose 36%, while refrigerated freight increased 31% and flatbed volume surged 56%. The index reflects spot market freight availability on the DAT Network of load boards in the U.S. and Canada.
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U.S. average spot truckload rates, less fuel surcharge, also increased, with van and flatbed rates both adding 14% and reefer rates up 5.7%. Vans averaged $1.80 per mile, flatbeds $1.92 and reefers $1.80. With fuel surcharge the rate was $2.27 for vans, $2.42 for flatbeds and $2.28 for reefers.
Compared to July, freight volume was stable for vans with a 0.2% increase, and freight for reefer trailers increased 6.2%. Loads for flatbeds, however, declined 2.4%, from July's atypically strong demand.
Spot market truckload rates for all three equipment categories receded from extraordinary mid-summer heights. Van rates slid 1.9%, reefer rates lost 2.2%, and flatbed rates drifted 0.5% lower from July to August.
Update adds spot market rates with and without fuel surcharges.
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