Home » Spot loads on DAT One settled 11% lower week over week; truck posts and linehaul rates moved little

Spot loads on DAT One settled 11% lower week over week; truck posts and linehaul rates moved little

fleetnewsdaily | October 15, 2024

The impact of hurricanes Helene and Milton has been largely regional, except for industries like automotive production with nationwide supply chains rooted in the Southeast

On the Spot
Freight Trends from DAT One and DAT iQ
Spot market data for Oct 6-12, 2024 (Week 41)

Spot loads on DAT One settled 11% lower week over week; truck posts and linehaul rates moved little
After three straight weeks of increases, the number of loads posted on DAT One fell 11% to 1.82 million week over week. That’s still 10% higher year over year. At 332,598, the number of trucks on the network was virtually unchanged compared to the previous week.

Dry Vans
▼ Van loads: 829,234, down 14% week over week
▼ Van equipment: 219,586, down 0.3%
▼ Linehaul rate: $1.64 net fuel, down 1 cent
▼ Load-to-truck ratio: 3.8, down from 4.4

Reefers
▼ Reefer loads: 358,771, down 13.5% week over week
▼ Reefer equipment: 66,178, down 2.3%
▼ Linehaul rate: $1.96 net fuel, down 1 cent
▼ Load-to-truck ratio: 5.4, down from 6.1

Flatbeds
▼ Flatbed loads: 634,090, down 4.5% week over week
▲ Flatbed equipment: 46,834, up 7.5%
— Linehaul rate: $2.00 net fuel, unchanged
▼ Load-to-truck ratio: 13.5, down from 15.2

Note: Linehaul rates exclude an amount equal to a national average fuel surcharge.

Market Notes from Dean Croke, DAT industry analyst:

Southeast freight markets are recovering. Following a surge in pre-hurricane freight positioning in the Southeast, van load-post volumes fell 14% nationally, erasing the prior week’s gains. On the top reefer lane between Atlanta and Lakeland, Florida, where Hurricane Milton hit, load-post volumes decreased by 34% week over week, leading to a 22-cent-per-mile drop in the average spot reefer rate. Volumes between Lakeland and Atlanta also dropped by 33% week over week while capacity on the lane tightened, causing linehaul rates to increase by 5 cents to an average of $1.19 per mile.