Recurring storms and strong month-end demand for capacity helped keep rates elevated on the spot truckload market during the week ending Feb. 1 compared to the previous seven days, according to a composite of the DAT network of load boards.
by Staff
February 5, 2014
1 min to read
Recurring storms and strong month-end demand for capacity helped keep rates elevated on the spot truckload market during the week ending Feb. 1 compared to the previous seven days, according to a composite of the DAT network of load boards.
Nationally, the average spot rate for van freight was unchanged at $1.94 per mile, including fuel surcharge. Van-load volume increased 5.9%, rebounding slightly following a down week. Available capacity fell 6%, pushing the load-to-truck ratio to 4.1, up 13% compared to the prior week. Load-to-truck ratios represent the number of loads posted for every truck posted on the DAT network of load boards.
Ad Loading...
The national average rate for flatbeds picked up 2 cents to $2.09 per mile while demand increased 7.2% and capacity was 11% tighter. The load-to-truck ratio increased 20% to 20.6 compared to 17.1 the prior week.
Demand for temperature-controlled units rebounded 7.8% last week while capacity lost 3.7%. The refrigerated load-to-truck ratio was 12.9, a 12% increase over the previous week. The national average rate for reefers held steady at $2.06 per mile.
Weather continues to play a role in the spot market. Ports were closed in Houston, New Orleans, Mobile, and Charleston, and key airports like Atlanta and Chicago shut down, with some of those flights carrying freight that off-loaded on to trucks, according to DAT.
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.
