North American Freight Index Maintains Late-Season Strength Says DAT
Spot market freight volumes reported by the DAT North American Freight Index rose another 0.4 percent in August, edging above July levels.
The organization noted that freight volume typically peaks on the spot market in June, but this year has extended through the entire summer.
Month-over-month load availability increased for vans and refrigerated (“reefer”) trailers, while flatbed load volume experienced a typical seasonal decline. Freight volume rose 3.1 percent for vans and 3.8 percent for reefers, but declined 5.1 percent for flatbeds.
Compared to August 2012, freight availability rose 13 percent overall. Van freight volume rose 10 percent, reefer loads increased 22 percent and flatbed freight added 14 percent.
Spot market rates remained stable for vans in August compared to July. In a typical seasonal pattern, rates declined 3.0 percent for reefers and 1.8 percent for flatbeds. On a year-over-year basis, van rates rose 2.3 percent and reefer rates gained 1.9 percent, while flatbed rates declined 4.6 percent compared to the unusually high rates of August 2012. Additional trend information and analysis is available at DAT Trendlines or the DAT blog.
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 at: DAT.
Category: Featured, General Update
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