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Spot Market Reefer, Van Rates Improve

Spot freight rates are gathering some momentum following a recent lull, according to new figures released from the freight matching service provider DAT.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
November 12, 2014
Spot Market Reefer, Van Rates Improve

Graphic: DAT

1 min to read


Spot freight rates are gathering some momentum following a recent lull, according to new figures released from DAT Solutions, based on results from the DAT network of load boards.

Reefers increased 2.2% for an average of $2.31 per mile for Nov. 2 through Nov 8 compared to the previous seven days, the highest level since September.

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Vans posted a 1% gain for an average of $2.03, it highest level in four weeks, while flatbeds moved lower for the second straight week, shedding 0.4% for an average of $2.34 per mile, due mainly to lower fuel surcharges, according to DAT.

This happened as the number of spot market loads available increased 3.1% while spot market truck capacity fell 4.9%.

The changes in rates were reflected in load-to-truck ratios with reefers increasing 18% to 9.2 loads per truck, due to seasonal capacity pressure.

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The van load-to-truck ratio increased 14% to 3 loads per tuck, as a 4.5% increase in spot market van truck capacity was outweighed by a 6.9% increase in van freight availability.

In contrast, the flatbed load-to-truck ratio declined 6.1% to 16.8 loads per truck as reefer truck capacity fell nearly 1%.

 

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