Freight Index Rises 1.9 Percent, to Atypical October High Says DAT
Spot market freight availability rose 1.9 percent in October, to a level that is atypically high for the season, according to the DAT North American Freight Index.
Year over year, freight volume increased 24 percent, setting a same-month record for the fourth consecutive month. Load availability has remained elevated in the second half of the year, countering the more typical pattern of a second quarter peak followed by a decline in late summer.
October’s strong spot market freight volume is consistent with economic indicators that point toward unexpectedly strong growth in October, in both the manufacturing and service sectors, including retail.
Load availability increased 2.6 percent for vans and 2.3 percent for refrigerated (“reefer”) trailers compared to September, but declined 3.5 percent for flatbeds.
Compared to October 2012, van freight volume rose 4.4 percent, reefer loads added 22 percent and flatbed freight increased 24 percent.
Spot market rates were unchanged for vans but declined 1.9 percent for reefers and 2.5 percent for flatbeds on a month-over month basis. Compared to October 2012, van rates rose 3.8 percent and reefer rates increased 2.6 percent, but rates declined 7.1 percent for flatbeds.
About DAT
DAT, a unit of TransCore, is the world’s leading freight marketplace platform and information provider. Through its solutions, DAT Load Boards, TruckersEdge, and DAT RateView, the company hosts over 90 million spot load and truck listings and compiles $20 billion of transacted shipment data annually, as well as automated carrier safety and insurance monitoring through DAT CarrierWatch. DAT is the trucking and transportation industry’s preferred resource for real-time supply, demand, and rate analytics. More info at: www.DAT.com.
Category: Featured, General Update
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