Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Spot Market Freight and Rates Take a Big Dive

The amount of cargo to haul and rates paid for it, on one of the nation's largest spot markets, has declined across the board during the most recent seven-day period.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
October 16, 2013
Spot Market Freight and Rates Take a Big Dive

 

2 min to read


The amount of cargo to haul and rates paid for it on one of the nation's largest spot markets, has declined across the board during the most recent seven-day period.

New figures from DAT show total load availability fell 9.9% Oct. 6 through Oct.12, compared to the previous week.

Ad Loading...

Likewise, load-to-truck ratios also plummeted, with the biggest drops being recorded in the van and flatbed categories, each falling 22%, while it moved 16% lower for reefers.

Not surprisingly this had a negative effect on rates, with vans down 1.6% to an average of $1.89 per mile, while flatbeds fell even more, losing 5.9%, averaging $2.09 per mile and reefers declining 1.4% for $2.12 per mile.

According to DAT while van rates lost 3 cents off the national average rate last week, on top lanes, however, the drop was about 1.5 cents. At $1.41 for the line haul, the national rate remains 5 cents above the September average and is 15 cents higher than October 2012.

Ad Loading...

For flatbeds it notes after opening the month very strong, rates dropped 13 cents last week, but is down only 4 cents from the September average. A large decrease it says in military traffic could be a contributing factor.

Looking ahead to the holiday season DAT Analyst Mark Montague wrote in his blog that conditions are shaping up for strong freight demand.

“The first signal came at the end of September, just as the quarter ended, when I saw a spike in outbound rates from the Los Angeles market. That zip code cluster includes the Port of L.A. and the Port of Long Beach, the two busiest in the nation and the transit point for most Asian imports,” he wrote

 

More Drivers

Maverick Transportation Freightliner Cascadia.
Driversby News/Media ReleaseMay 12, 2026

Maverick Announces 2026 Driver Pay Raises

New raises for Maverick Transportation drivers will take effect on May 31, 2026.

Read More →
Alleged Ohio toll evasion truck.
Driversby News/Media ReleaseMay 5, 2026

Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion

Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.

Read More →
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 →
Ad Loading...
Female truck driver.
Driversby News/Media ReleaseApril 21, 2026

WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops

ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.

Read More →
Illustration of driver medical exam paperwork over duotone background of a blood pressure check

FMCSA Extends Paper Medical Card Exemption … Again

Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.

Read More →
Mack Pioneer tractor.
Driversby Jack RobertsApril 10, 2026

Mack Launches Digital Driver Guide for Chassis-Specific Truck Info

Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.

Read More →
Ad Loading...
Close-up of Western Star truck logo with red star emblem on chrome grille, representing the brand’s identity in the trucking industry.
Driversby News/Media ReleaseApril 6, 2026

Western Star Showcases Truckers' Pride and Skill

Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.

Read More →
Photo of truck driver at podium holding award
Driversby News/Media ReleaseMarch 27, 2026

Best Fleets to Drive For: Two Carriers Earn Overall Award for First Time

CarriersEdge announced the 2026 Best Fleets to Drive For overall winners, with Crawford Trucking, Fortigo Freight Services, and FTC Transportation receiving top awards.

Read More →
Illustration of Department of Labor building, diesel technician at a computer, and driver training semi trailer
Driversby Deborah LockridgeMarch 10, 2026

Federal Proposal Would Allow Pell Grants for Shorter-Term Job Training

The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.

Read More →
Ad Loading...
Illustration of truck owner operator and magnifying glass with the word "regulations"
Driversby Deborah LockridgeFebruary 26, 2026

Owner-Operator Model Gets Boost as DOL Proposes 2024 Independent Contractor Definition Reversal

For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.

Read More →