Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Spot Freight Rates Sink Again, May Be at Bottom

Increased truck availability and few available loads to move pushed spot market truckload rates down again over the past week, but one analyst says it's possible they have bottomed out.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
November 19, 2015
Spot Freight Rates Sink Again, May Be at Bottom

 

2 min to read


Increased truck availability and few available loads to move pushed spot market truckload rates down again over the past week, but one analyst says it's possible they have bottomed out.

The freight-matching service provider DAT Solutions reports based on its load boards, the number of available trucks on the spot truckload market jumped 4.2% and the number of posted loads tumbled 4.1% during the week ending Nov. 14.

Ad Loading...

The offsetting capacity gain and decline in available loads helped push national average spot market rates down 2 cents for van, refrigerated, and flatbed freight. This comes at a time when shippers typically have holiday goods to move, according to DAT.

The national average truckload van spot market rate fell to $1.70 per mile and slipped in key markets including Los Angeles, down 2 cents to $1.99 per mile; and Memphis, down 6 cents to $1.97, despite higher volumes.

All rates include fuel surcharges.

Ad Loading...

Van load availability move up a slight 0.5% and capacity increased 3.7%. The van load-to-truck ratio was unchanged resulting in 1.6 available van loads for every truck posted on the DAT network.

For refrigerated freight, the national average spot rate fell to $1.92 per mile, although outbound rates rose in major markets including Elizabeth, N.J., up 10 cents to $1.76; and McAllen, Texas, up 2 cents to $1.68.

The number of available reefer loads increased 6.4% while truck capacity rose just 1.9%, which sent the load-to-truck ratio up 4.4% to 4.1 loads per truck.

Flatbed load availability fell 16.7% against a gain of 8.9% in truck posts. The national flatbed load-to-truck ratio gave up 23.5% to 6.2 loads per truck and the national average flatbed rate dropped to $1.95 per mile.

Spot market freight volumes and rates have been trending down for most of 2015, van rates since March, and flatbed and reefer rates since June, according to DAT Analyst Mark Montague, who said a few days ago a plateau may be forming, if not exactly an upward trend, in the DAT blog.

Ad Loading...

“We may even see a surge in volume, as shippers need to hit critical target dates for holiday deliveries or work around business closures during Thanksgiving week,” he wrote. “The more I see these trends, the more I’m inclined to think spot market rates have found the bottom.”

More Fleet Management

Lance Evans, Director of Safety at K&B Transportation.

Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
TEN disaster prep.
Fleet ManagementMay 1, 2026

How Fleets Can Avoid Equipment Blind Spots in Disaster Response

When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.

Read More →
Illustration of cybersecurity images with "The Cyber Stop" text
Fleet Managementby Ben WilkensApril 30, 2026

AI Security Risks for Trucking Fleets: What to Know About Deepfakes and Agentic AI

As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.

Read More →
Ad Loading...
Mobile tablet showing Motus screen against highway background with Motus logo

FMCSA’s Motus System Is Coming. What Fleets Need to Know Now

The long-awaited registration system promises a single portal — and tighter fraud controls.

Read More →
CargoNet 2026 Qi report.
Fleet Managementby News/Media ReleaseApril 24, 2026

Cargo Theft Incidents Fall in Q1, but Organized Crime and Impersonation Drive New Risks

CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.

Read More →
Graphic with light bulbs, HDT Truck Fleet Innovators logo, and the word Nominations
Fleet ManagementApril 24, 2026

Nominations Open for HDT Truck Fleet Innovators 2026

Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.

Read More →
Ad Loading...
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
ATA Truck Tonnage Index March 2026.
Fleet Managementby News/Media ReleaseApril 22, 2026

March Truck Tonnage Posts Strongest Annual Gain Since 2022

A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.

Read More →
Toll road.
Fleet Managementby Jack RobertsApril 22, 2026

Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms

More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.

Read More →
Ad Loading...
Illustration with ATRI logo and square blocks spelling out "research"
Fleet Managementby Deborah LockridgeApril 20, 2026

'Beyond Compliance,' Regulations, Driver Coaching on ATRI’s 2026 Research List

The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.

Read More →