American Freight Index Point Up Says DAT
Spot market freight volumes reported by the DAT North American Freight Index rose 0.4% in August compared to July. Freight typically peaks on the spot market in June, but this year the robust volumes continued through the entire summer.
Month-over-month, load availability increased 3.1% for vans and 3.8% for refrigerated (“reefer”) trailers while flatbed load availability experienced a typical seasonal decline of 5.1%. Spot market rates remained stable for vans in August; in line with seasonal norms, rates declined 3.0% for reefers and 1.8% for flatbeds.
On a year-over-year basis, freight availability increased 13% for the month. Van freight volume rose 10%, reefer loads increased 22%, and flatbed freight gained 14% compared to August 2012. Van rates rose 2.3% and reefer rates gained 1.9% while flatbed rates declined 4.6% compared to the unusually high rates of August 2012. More info at: DAT.
Category: Featured, General Update
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