Spot Truckload Freight Rates Soar Along With Load-to-Truck Ratios
Average spot truckload freight rates jumped sharply for the second straight week in all three major equipment types while load-to-truck ratios also headed much higher for the week ending June 10, according to new figures from DAT Solutions and based on its network of load boards.
Evan Lockridge・Former Business Contributing Editor
June 14, 2017
Graphic: DAT
2 min to read
Graphic: DAT
Average spot truckload freight rates jumped sharply for the second straight week in all three major equipment types while load-to-truck ratios also headed much higher for the week ending June 10, according to new figures from DAT Solutions and based on its network of load boards.
Ad Loading...
The number of available loads was up 30% compared to the previous week, which was shortened by the Memorial Day holiday and included the annual Roadcheck truck inspection blitz. A 20% increase is more in line with expectations.
Ad Loading...
According to DAT, brokers and shippers paid a premium for capacity in most major markets and lanes. Load-to-truck ratios reflected the increased freight activity:
Van ratio: 5.7 loads per truck, up 12% from previous week
Reefer ratio: 10.1 loads per truck, up 33%
Flatbed ratio: 49.2 loads per truck, up 27%
Nationally, the number of posted van loads increased 12% while truck posts were 8% higher. The national average van rate gained 6 cents to $1.79 per mile. Outbound rates were up in almost every major van freight market:
Los Angeles: $2.28 per mile, up 10 cents
Chicago: $2.06 per mile, up 6 cents
Dallas: $1.76 per mile, up 3 cents
Charlotte: $2.16 per mile, up 11 cents
Philadelphia: $1.73 per mile, up 5 cents
Of the top 100 van lanes, only 26 had lower rates.
Ad Loading...
Reefer load posts increased 30% while truck posts fell 2%, which helped move the national average rate 7 cents higher to $2.11 per mile. California shipments are expected to stay strong at least through the Fourth of July, and a few lanes crossed the $3 mark:
Fresno-Denver surged 61 cents to $3.14 per mile
Los Angeles-Portland, Oregon, was up 45 cents to $3.33 per mile
Sacramento-Portland added 50 cents to $3.21 per mile
Sacramento-Salt Lake City rose 27 cents to an average of $3.00 mile
Florida outbound rates tumbled, including Lakeland-Charlotte, which plunged 84 cents to an average of $1.82 per mile.
In the flatbed sector, the load-to-truck ratio skyrocketed as load posts increased 38% while truck posts increased 9%.
The national average rate increased 3 cents last week to $2.15 per mile, the highest weekly average rate in nearly two years. Flatbed demand can be volatile and shifts on a lane-by-lane basis, according to DAT.
Ad Loading...
Key outbound flatbed rate movers last week include:
Las Vegas, $2.82 per mile, up 36 cents
Cleveland, $2.31 mile, up 11 cents
Harrisburg, Pennsylvania, $3.41 per mile, up 2 cents
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. All reported rates include fuel surcharges.
Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.
Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”
Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.