Image

DAT: Strong January spot truckloads with seasonal easing

Feb. 16, 2017
The DAT North American Freight Index edged downward in January as spot truckload freight settled into a typical post-holiday pattern, albeit at significantly elevated levels compared to this time last year.

The DAT North American Freight Index edged downward in January as spot truckload freight settled into a typical post-holiday pattern, albeit at significantly elevated levels compared to this time last year.

The Freight Index dropped 2.5 percent in January compared to an exceptionally strong December and was 56 percent higher year over year, said DAT Solutions, which operates the industry's largest on-demand freight exchange for spot freight.

The DAT North American Freight Index edged downward in January as spot truckload freight settled into a typical post-holiday pattern, albeit at significantly elevated levels compared to this time last year.

Spot van, refrigerated, and flatbed rates in January were higher year over year, but an influx of capacity from contract carriers onto the spot market, particularly on high-traffic lanes, depressed rates compared to December.

"Coming off a high in December, January was still very solid for spot freight," said Don Thornton, senior vice president at DAT. "As a result we saw more contract carriers make their trucks available on load boards, and the added capacity contributed to lower rates on many high-traffic lanes.”

Compared to December, the volume of van freight on the spot market was down 9 percent last month but up 63 percent year over year. The national average rate for vans was $1.68 per mile including a fuel surcharge, down 5 cents compared to December but up 2 cents year over year.

Refrigerated freight followed a similar trend. The number of available loads fell 8 percent in January but was 57 percent higher year over year. Available capacity rose 1 percent.

The national average spot rate for refrigerated freight was $1.96 per mile including a fuel surcharge, 3 cents lower than December but 6 cents higher compared to January 2016.

Demand for flatbed trucks rose 18 percent compared to December and 64 percent year over year. Available capacity rose just 3 percent.

At $1.91 per mile, the national average flatbed rate was 5 cents lower compared to December but was 3 cents higher year over year.

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 ...