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.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

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