Spot market freight rates have slipped as the number of loads available to haul also fell, according to the freight matching service provider DAT.
by Staff
September 24, 2014
Graphic: DAT
1 min to read
Graphic: DAT
Spot market freight rates have slipped as the number of loads available to haul also fell, according to the freight matching service provider DAT.
The average rate for both van and flatbed freight each fell 2.4% Sept. 14 through Sept. 20, compared to the previous seven days. Vans declined to $2.03 per mile, but may remain above the $2 mark the rest of the month, according to DAT. Flatbeds dropped to $2.39 per mile, its lowest level out of the past four-weeks, but still “elevated” for this time of the year.
Ad Loading...
The average rate for reefer freight fell 1.3% to $2.33 per mile, its second best performance out of the past four-weeks.
During the period spot market capacity was unchanged while the number of loads available fell 3.5%.
Not surprisingly, this lead to load-to-truck ratios falling in the three categories with the biggest decline happening in the flatbed sector, down 5.6% to 30.1 loads per truck. Reefers declined 3.1% to 8.8 loads per truck with demand for trucks remaining strong, according to DAT. Vans dipped 1.9% to 3.1 loads per truck, described by DAT as “robust.”
Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.
A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.
This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.
The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.
B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.
Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.