Spot Market Freight Rates Hardly Improve Over Previous Week
Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
An increase in overall spot market truck capacity of 3.6% from Oct. 5 through Oct. 11 over the previous seven days, along with a 5% decline in the number of total spot market loads available, pulled the average flatbed rate down 0.8% to $2.40 per mile.
Ad Loading...
Van rates were unchanged at $2.03 per mile, where its been three out of the past four weeks, while reefers gained 0.4%, despite a slip in the fuel surcharge, registering $2.29 per mile.
Not surprisingly this was reflected in lower load-to-truck ratios with reefers giving up 12% for 8.7 loads for every truck during the period, as reefer truck capacity gained 3.4% while reefer freight availability fell 9%.
The van load-to-truck ratio fell 8.2% as van truckload capacity increased 3.4% and van freight availability declined 5%, putting its ratio at 3.1 loads for every truck.
The 6.9% drop in the flatbed load-to-truck ratio put it a 25.9 to 1, due to flatbed truck capacity increasing 4.7% while load availability fell 2.5%.
When last month is compared to August, freight rates were mixed with reefers reporting a gain of 2.2% while vans picked up 1% and flatbeds fell 2.1%. However, when September is compared to the same time in 2013, there were gains across the board, with the biggest coming from the reefer category, up 11%, while flatbeds and reefers had increases of 10% and 9.2%, respectively.
Artificial intelligence is changing how cybercriminals and cargo thieves target trucking fleets—and how fleets defend themselves. As phishing, impersonation, and cargo theft converge, cybersecurity is becoming a core part of fleet safety and operations.
Fleetworthy's new Bestpass Toll360 add-on uses route data and AI to predict toll charges, reconcile invoices, and automatically file eligible disputes—helping fleets cut manual work and recover overpayments.
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.