Spot Freight Rates Generally Down In Past Month, Year
Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
by Staff
May 11, 2015
1 min to read
Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop.
New DAT North American Freight Index figures show freight volume declined 23% for vans and 25% for refrigerated trailers while flatbed freight availability increased 18%.
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Rates by equipment type on the spot market followed the trends in volume, slipping 2.5% for vans in April from March, 0.5% for reefers, while flatbed rates rose 0.5%
Year over year, freight availability declined 27% compared to the extraordinary volume of 2014. When compared to 2013 and all previous years, April 2015 volume exceeded same-month totals, according to DAT.
Freight volume declined for all equipment types in April compared to a year earlier with vans down 18%, reefers 4.9% lower and a 38% drop flatbeds.
In contrast, line haul rates trended up with van increasing 4.6%, reefers up 3.4% and flatbed gaining 3.9% compared to April 2014.
Although the line-haul portion of the rate increased year over year, carriers received a lower total rate due to declining fuel prices and associated surcharges. The total rate declined on both a month-over-month and year-over-year basis for all equipment types.
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The monthly DAT North American Freight Index reflects spot market freight availability on the DAT Solutions network of load boards in the U.S. and Canada.
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