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Spot Market Rates and Freight Weaken

New figures from the freight matching service provider, DAT, show spot market load availability fell 5.7% Oct. 20 through 26, compared to the previous seven days.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
October 30, 2013
Spot Market Rates and Freight Weaken

Credit: DAT

2 min to read


The past week has been anything but stellar for those wanting to haul freight from the spot market.

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New figures from the freight matching service provider, DAT, show spot market load availability fell 5.7% Oct. 20 through 26, compared to the previous seven days. This is likely due to a more than 7.5% increase in spot market truck capacity.

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Credit: DAT

During this time freight rates and load-to-truck ratios either fell or were unchanged with rates for vans remaining at an average of $1.86 per mile while the van load-to-truck ratio fell 13%. On the brighter side DAT says the average freight rate is on par with September and 7 cents higher than October 2012.

Three weeks ago the total van rate, consisting of the line haul rate and fuel surcharge, stood at $1.92 per mile.

Things were slightly worse in the flatbed sector, with rates declining 0.5% for an average of $2.10 per mile. DAT notes but the loss came from a 1-cent drop in the fuel surcharge while the line haul rate held steady at $1.58 per mile.

Three weeks ago the total flatbed rate was at $2.22 per mile. The flatbed load-to-truck ratio fell 13% over the past week.

As for reefer rates they are down 1% over the past week for an average of $2.06 per mile. The line haul rate dropped 1-cent to $1.57 per mile while the fuel surcharge also fell 1-cent, according to DAT.

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Three weeks ago the total reefer rate was at $2.15. The reefer load-to-truck ratio declined 11% over the past week.

 

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