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Spot Freight Rates Move Higher in Early December

Spot market freight rates have improved across the board, according to new weekly figures from the freight matching service provider DAT Solutions.

by Staff
December 10, 2014
Spot Freight Rates Move Higher in Early December

 

1 min to read


Spot market freight rates have improved across the board, according to new weekly figures from the freight matching service provider DAT Solutions.

Vans had the biggest increase, 2.4%, from Nov. 30 through Dec. 6 compared to the previous seven days, turning in an average of $2.10 per mile, 8 cents higher than three weeks earlier.

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Reefers were not far behind with a 1.7% improvement, hitting $2.41 per mile and 10 cents higher than three weeks ago.

Flatbeds registered a 0.9% increase for an average of $2.33 per mile and its best showing out of the four-week period.

This happened as the number of spot market loads available to haul surged 20% but truck capacity to move the freight increased only 11%.

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Load-truck-ratios also posted healthy gains with flatbeds and reefers each improving 8.9%. The flatbed load-to-truck ratio improved to 18.2 loads per truck as flatbed load availability increased 40% following a 28% decline during Thanksgiving week. Reefers increased to 12.6 loads per truck due to a 17% increase in demand for them coupled with a 7.7% capacity increase.

The van load-to-truck ratio gain was smaller at 1.8%, pushing it up to 4.5 loads-per-truck, as freight availability in the sector recovered 9.6% from the previous week.

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