DAT spot rates weekly 5-5-18

Spot rates rise in May as shipper demands increase

May 10, 2018
The flatbed load-to-truck ratio increased 3% to 111 loads per truck, which ties the record set during the first week of April.

The number of spot market loads on the DAT network of load boards rose 1.3% and truck posts fell 1.0% during the week ending May 5, reflecting stronger shipper demand. National average rates for all three equipment types responded, moving higher compared to the previous week:

  • Van: $2.18/mile, up 2 cents week over week and 48 cents higher than a year ago
  • Flatbed: $2.72/mile, up 7 cents. This is the highest flatbed rate ever recorded in DAT Trendlines
  • Reefer: $2.48/mile, up 6 cents. This rate is 5 cents above the April average and 51 cents higher than one year ago

Spot truckload freight availability during the month of April was 3.9% higher compared to March and 100% higher year over year. Available capacity was up 2.2% compared to March and 7.5% year over year.

Van overview: Van load posts increased 1% last week while van posts increased 3%. That caused the van load-to-truck ratio to gain 1% to 6.2 loads per truck. Key markets:

  • Los Angeles: $2.42/mile, up 7 cents on a 2.8% increase in volume
  • Memphis: $2.67/mile, up 9 cents with a 3.3% volume increase

Several van lanes showed higher rates:

  • Memphis to Columbus, Ohio: $2.76/mile, up 19 cents
  • Atlanta to Philadelphia: $2.95/mile, up 14 cents
  • Charlotte to Buffalo: $2.94/mile, up 17 cents

Flatbed overview: Nationally, the number of flatbed load posts was unchanged while truck posts declined 3%. The flatbed load-to-truck ratio increased 3% to 111 loads per truck, which ties the record set during the first week of April. The flatbed load-to-truck ratio has been above 100 loads per truck for six weeks in a row.

Reefer Overview: Reefer load posts increased 10% while truck posts declined 2%, which sent the national reefer load-to-truck ratio up 12% to 9.2 loads per truck. With produce harvests heating up, Los Angeles ($3.02/mile, up 11 cents), Miami ($3.06/mile, up 59 cents), and Lakeland, Fla ($2.43/mile, up 40 cents) were among major reefer markets with sizable gains in the average outbound rate.

About the Author

Fleet Owner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Cristina Commendatore, Executive Editor

Scott Achelpohl, Managing Editor 

Josh Fisher, Senior Editor

Catharine Conway, Digital Editor

Eric Van Egeren, Art Director

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 ...