Spot Market Rates, Activity Fall But Strength Continues

The number of van, refrigerated, and flatbed freight postings on DAT load boards slipped 3.5% while available capacity was unchanged during the week ending Sept. 20.

Load-to-truck ratios and rates slipped across all three equipment types compared to the previous week. The declines are consistent with seasonal trends but still but reflect robust activity.

The national average van rate fell 5 cents (2.4%) to $2.03 per mile.

Rates picked up across the West, however, including an 8-cent gain out of Denver to $1.44 per mile.

Van freight availability dipped 2.1% while capacity remained stable, producing a load-to-truck ratio of 3.1 as a national average, a 1.9% decline compared to the previous week.

A load-to-truck ratio of 3.1 means there were 3.1 van loads posted for every van available on DAT load boards.

For refrigerated freight, the national average spot rate was down 3 cents (1.3%) to $2.33 per mile.

Source: DAT Solutions

 

Category: General Update, Management, Vehicles