Trucker 5774 Spot1

DAT: Spot rates just keep on climbing

Oct. 12, 2017
Dry van and refrigerated freight rates up sharply as truck capacity remains tight, firm said.

Spot truckload rates for the week of Oct. 7 set records again, according to data tracked by load board operator DAT Solutions. Though the number of available loads fell 3% after the close of the quarter, generally tight capacity kept spot load-to-truck ratios elevated and pushed rates higher – particularly where refrigerated freight was concerned:

  • Dry van: 6.7 available loads per truck, with rates up 12 cents to $2.09 per mile.
  • Flatbed: 46.7 loads per truck, with rates up 4 cents to $2.31 per mile.
  • Refrigerated: 12.4 loads per truck, with rates up 14 cents to $2.37 per mile.

DAT said the market for dry van freight “remains solid” despite a 6% decline in volume and 1% increase in truck posts last week.

In Seattle and the Pacific Northwest, higher reefer load counts in the region contributed to tighter van capacity, meaning that fewer reefer trucks were competing for van loads.

Rerouted port traffic from Houston to Seattle after Hurricane Harvey may have added to demand for trucks in the area, DAT added.

The number of flatbed load posts dipped 1% and truck posts increased 6%, with rebuilding efforts in Florida and the Gulf Coast driving demand for flatbed capacity, the firm noted.
 

About the Author

American Trucker staff

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...