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Spot Market Freight Levels and Rates Bounce Back in June from May

While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
July 8, 2013
Spot Market Freight Levels and Rates Bounce Back in June from May

Freight rates generally moved lower duing June, despite improving from May. Graphic: DAT

2 min to read


While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.

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Numbers just released from the freight-matching service provider DAT show while total spot market loads increased in June 2.4% from the month before, it fell 4.7% from the same time a year ago.

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Rates did turn in substantial growth in June from the month before time frame, with those for vans increasing 2.7%, flatbeds gaining 1.4% and reefers surging 6.1%.

However, compared to June 2012, the rate situation shows no change for vans and flatbeds falling 6.5%. The only bright spot was reefers gaining 1.3%, but not enough to keep up with increasing fuel costs which moved 2.4% higher during the same time.

June also showed big improvements from May when it comes to load-to-truck ratios, with all three main categories posting gains of between 14% and 26%. Conversely, when June is compared to the same time in 2012, vans and flatbeds posted double-digit declines with reefers down just 2.1%

Freight rates generally moved lower duing June, despite improving from May. Graphic: DAT

For the week ending June 29, rates stood at $1.87 per mile for vans, down 3 cents in the past three weeks. Reefers were at $2.27, down from $2.35, while flatbeds were at $2.16, down 1 cent from three weeks earlier, both in the same time frame

Writing in his blog, DAT Analyst Mark Montague said he expects instead of the usual mid-summer slump during July, freight volume should be similar to June. He attributes the expectation to increasing consumer spending, better new home starts and increasing manufacturing.

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