Spot Rates Slide into August

Spot truckload load volume was stable while national average van and refrigerated rates slipped during the week ending August 9.

The overall number of loads posted declined 1% compared to the previous week while the number of available trucks increased slightly (0.2%).

The national average van rate dropped 6 cents (-2.9%) to $2.00 per mile (including a 1-cent fuel surcharge decrease). Load availability rose 1.7% while posted capacity increased 1% for the week. The national van load-to-truck ratio remained at 3.1 loads per truck. The national average reefer rate fell 9 cents (3.8%) to $2.26 per mile.

The number of posted refrigerated loads increased 4.3% and capacity increased 1.1% compared to the previous week; the resulting refrigerated load-to-truck ratio was 9.2 loads per truck. Flatbed rates inched up 1 cent (0.4%) unchanged as a national average at $2.45 per mile.

Load availability decreased 4.2% while capacity was virtually unchanged at plus-0.8%. The resulting load-to-truck ratio fell 4.9% compared to the previous week, from 36.4 to 34.6 loads per truck. Source: DAT Solutions.

Category: General Update