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Average Spot Market Van Rate Steady; Reefers, Flatbeds Down

The average spot van rate on DAT load boards was unchanged at $2.01 per mile for the week ending Nov. 1 compared to the previous seven days, according to DAT Solutions, which operates the DAT network of load boards

by Staff
November 5, 2014
Average Spot Market Van Rate Steady; Reefers, Flatbeds Down

 

2 min to read


The average spot van rate on DAT load boards was unchanged at $2.01 per mile for the week ending Nov. 1 compared to the previous seven days, according to DAT Solutions, which operates the DAT network of load boards

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This is the third straight week the average van rate has been unchanged, but it has been above $2.00 per mile for most of 2014. The average reefer rate was down 0.4% to $2.26 per mile while the flatbed rate dropped 1.3% to $2.35 per mile.

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Regionally, the average outbound van rate from Los Angeles increased 6 cents to $2.37 per mile due to continued port congestion and difficulty accessing rail services, according to DAT. Average van rates remain strong from Dallas at $1.82 per mile; Columbus, Ohio at $2.26 per mile; and Atlanta at $2.03 per mile. In the Northeast, the average rate from Buffalo jumped 8 cents to $2.11 per mile.

This happened as overall load availability for van, refrigerated, and flatbed cargo on DAT load boards slipped 1.2% while available truck capacity fell 4.4%.

The number of available van loads declined 1.9% while capacity was off 0.9%. Despite this the van load-to-truck ratio held steady at 2.6, meaning there were just over two and a half van loads posted for every van available on DAT load boards last week.

Reefer freight availability was down 0.4% while capacity decreased 2.2%, which pushed the reefer load-to-truck ratio up 1.8% to 7.8 loads per truck. The number of flatbed loads declined 8.8% and available capacity slipped 2.0%, for a 6.9% slide in the load-to-truck ratio to 17.9 loads per truck.

The load-to-truck ratio is a sensitive, real-time indicator of the balance between spot market demand and capacity and changes in the ratio often signal impending changes in rates, according to DAT.

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