The number of available loads on the spot truckload market jumped 36% during the week ending June 6 as capacity increased 5.5%, helping push rates higher.
Evan Lockridge・Former Business Contributing Editor
June 10, 2015
2 min to read
The number of available loads on the spot truckload market jumped 36% during the week ending June 6 as capacity increased 5.5%, helping push rates higher.
New figures released by DAT Solutions, which operates the DAT network of load boards, show the supply-demand imbalance increased national average van rate 2.7% to $1.90 per mile.
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The average reefer rate rose 1.8% to $2.23 while the flatbed rate edged up 0.5% to $2.19.
Typically, load and truck posts increase 20% to 25% after a holiday-shortened workweek, according to DAT. The capacity pressure may have been related to carriers and owner-operators parking their trucks during Roadcheck, the commercial vehicle inspection blitz on June 2-4.
In the van market, DAT reported that load posts were up 32% but truck posts increased only 7.5%. The imbalance sent the national van load-to-truck ratio up 23%, meaning there were three available van loads for every truck posted on the DAT network.
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Average outbound van rates rose in several key markets including Los Angeles, up 8 cents to $2.17 per mile and Atlanta up 11 cents to $2.17 a mile.
Flatbed load availability rose 38% but capacity added just 5.5%. The resulting load-to-truck ratio climbed 31% to 30 flatbed loads per truck.
Demand for reefers increased 37.5% and capacity lost 1% as the load-to-truck ratio surged up 37.5% to 7.3 reefer loads per truck.
Rates continue to trend down in Florida but outbound rates are rising along the Mexican border in Texas and Arizona.
In a related development, DAT said this week in its blog that Texas has now surpassed California when it comes to freight volume in this sector.
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According to DAT Analyst Mark Montague, one of the three main reasons is due to more produce coming into the U.S. from Mexico.
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