Spot Truckload Market Rebounds
Freight availability on the spot truckload market rebounded 14% and capacity dipped 0.8% during the week ending Feb. 28, according to DAT Solutions.
Average rates responded with a 1-cent increase across all three equipment categories compared to the previous week. The national average van rate picked up 1 cent to $1.88 per mile on the strength of several key van markets.
A few specifics include:
- Memphis increased 12 cents to $2.30 per mile
- Columbus, Ohio, jumped 3 cents to $2.15 per mile
- Dallas was up 6 cents to $1.76 per mile
- Buffalo rose 4 cents to $2.22 per mile.
Outbound van rates from Los Angeles rose 4 cents per mile to $1.92 as the dockworkers and West Coast port operators reached a tentative labor agreement.
The national average flatbed and reefer rates each rose a penny to $2.13 and $2.11 per mile, respectively.
Category: General Update, Management