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Spot Market Rates Continue Drifting Down

Spot market freight rates and activity remained stuck in a seasonal lull during the final week of January, according to the freight matching service provider DAT Solutions.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 4, 2015
Spot Market Rates Continue Drifting Down

 

2 min to read


Spot market freight rates and activity remained stuck in a seasonal lull during the final week of January, according to the freight matching service provider DAT Solutions.

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The number of spot market loads available fell 6.1% Jan. 25 through Jan. 31 compared to the previous week while spot market truck capacity increased by just 0.1%.

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The average rate for flatbeds was unchanged during this time period at $2.21 per mile, though DAT described it as remaining relatively strong for this time of the year, despite an 8 cents drop over the past three weeks.

Reefers drifted lower by 1.3% for an average of $2.24 per mile. Compared to three weeks ago this is 11 cents less.

The average rate for vans declined by 1% to $1.94 per mile, with the drop evenly split between the fuel surcharge and linehaul portion of the rate. Over the past three weeks vans have given up 7 cents per mile.

This was accompanied by the load-to-truck ratio for flatbeds being unchanged at 10 loads per truck despite load availability falling 3.2% and capacity edging 0.2% higher in the sector.

Reefers posted an 11% drop in its load-to-truck radio, falling to 6.1 loads available per truck as demand for reefers fell and capacity in this segment increased. The van load-to-truck ratio fell 8.6% to only two loads for every truck as van freight availability fell 8.6% and capacity increased by 19%.

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