Spot Market Strong
Spot truckload load volume rose sharply and capacity tightened during the week ending August 2, according to DAT Solutions.
The overall number of loads posted increased 7.5% compared to the previous week while the number of available trucks decreased 7.4%. Rates were relatively stable as a national average, masking big changes in individual markets and lanes.
The national average van rate fell 1 cent (0.5%) to $2.06 per mile (including fuel surcharge) on the spot market. Load availability rose 6.9% while posted capacity declined 7.7% for the week.
The national van load-to-truck ratio jumped 16% to 3.1, meaning there were 3.1 loads posted for every truck available on DAT load boards. For the month, the van load-to-truck ratio averaged 3.2, a 26% drop compared to June but 23% above the level of July 2013.
The national average reefer rate dipped 1 cent (0.4%) to $2.35 per mile, a strong rate historically. The number of posted refrigerated loads increased 7.9% and capacity decreased 5.2% compared to the previous week.
Category: General Update, Management
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