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Spot Truckload Van Rate Rises Again Despite Decline in Total Volume

The national average spot truckload van rate increased 1 cent to $2.10 per mile during the week ending Dec. 9, touching a three-year high, according to DAT Solutions and its network of load boards.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
December 13, 2017
Spot Truckload Van Rate Rises Again Despite Decline in Total Volume

 

2 min to read


The national average spot truckload van rate increased 1 cent to $2.10 per mile during the week ending Dec. 9, touching a three-year high, according to DAT Solutions and its network of load boards.

However, the overall number of available loads fell 10% while a 12% increase in posted spot market capacity sent load-to-truck ratios lower:

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  • Van: 7.2 available loads per truck, down from 9.3 the week before

  • Refrigerated: 9.8 loads per truck, falling from a multi-year high

  • Flatbed: 27.9 loads per truck

Spot van volumes declined 14% and truck posts increased 12%. Western markets remain solid with the average outbound rate from Los Angeles up 4 cents to $2.74 per mile. Memphis, another key market for retail goods, added 3 cents to $2.40 per mile.

The national average refrigerated rate declined 3 cents to $2.40 per mile amid a lull in the movement of temperature-controlled goods before the holidays. Load posts fell 17% and truck posts increased 12% compared to the previous week. The average rate fell despite higher prices in several busy markets including Atlanta, $2.70 per mile, up 4 cents; Lakeland, Florida, $1.24 per mile, up 7 cents; and McAllen, Texas, $2.10 per mile, up 4 cents.

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Spot prices for flatbed freight remain high for this time of year. The national average flatbed rate increased 1 cent to $2.31 per mile, just 3 cents lower than the peak in October when hurricane-relief supplies were rushing into the Southeast.

One number to watch is the price of on-highway diesel fuel. While the national average held steady last week at $2.92 per gallon, the figure is nearly 50 cents higher than this time last year. Spot truckload freight rates include a fuel surcharge.

 

 

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