Spot Truckload Market Rebounds

Freight availability on the spot truckload market rebounded 14% and capacity dipped 0.8% during the week ending Feb. 28, according to DAT Solutions.

Average rates responded with a 1-cent increase across all three equipment categories compared to the previous week. The national average van rate picked up 1 cent to $1.88 per mile on the strength of several key van markets.

A few specifics include:

• Memphis increased 12 cents to $2.30 per mile
• Columbus, Ohio, jumped 3 cents to $2.15 per mile
• Dallas was up 6 cents to $1.76 per mile
• Buffalo rose 4 cents to $2.22 per mile.

Outbound van rates from Los Angeles rose 4 cents per mile to $1.92 as the dockworkers and West Coast port operators reached a tentative labor agreement.

The national average flatbed and reefer rates each rose a penny to $2.13 and $2.11 per mile, respectively.

Category: General Update, Management