Refrigeratedtransporter 1418 Spot Mkt Chart Feb 21

Spot truckload market load availability climbs by 8.6%

March 2, 2015
Load availability on the spot truckload market increased 8.6% while capacity fell 9% during the week ending February 21, 2015, reports DAT Solutions, which operates the DAT network of load boards.

Load availability on the spot truckload market increased 8.6% while capacity fell 9% during the week ending February 21, 2015, reports DAT Solutions, which operates the DAT network of load boards.
Average line-haul rates were unchanged across all three equipment categories compared with the previous week, holding steady after several weeks of decline.
Rates rebound
The national average van rate including surcharge was up 1 cent to $1.87 per mile on the strength of a rising fuel surcharge. The national average diesel price rose 4 cents to $2.90 a gallon the week ending February 21, nudging the average fuel surcharge up a penny.
While rates elsewhere were generally flat, outbound van rates rose significantly in Buffalo NY and Columbus OH (both up 7 cents to $2.13 per mile), and Memphis TN (up 9 cents to $2.17). All three markets have been affected by winter weather.
The national average flatbed rate was unchanged at $2.12 per mile versus the previous week but was down 9 cents from the January average. The reefer rate was unchanged at $2.10 and down 13 cents from the January average.
Capacity tightens
There was less available capacity on DAT load boards, sending load-to-truck ratios higher.
The number of flatbed loads posted on the DAT Network fell 1.9% while available capacity declined 11%. The flatbed load-to-truck ratio advanced slightly from 11.1 to 11.3, meaning there were 11.3 flatbed loads posted for every available flatbed trailer on DAT load boards for the week ending February 21.
Reefer load availability increased 14% and capacity fell 11% for the week, reversing the prior week’s trend. The reefer load-to-truck ratio jumped from 6.2 to 7.9 loads per truck.
Demand for vans rebounded 15% for the week ending February 21 and capacity fell 9.4%. The resulting van load-to-truck ratio rose from 2.1 back up to 2.7 loads per truck.
Load-to-truck ratios represent the number of loads posted for every truck available on DAT load boards. The load-to-truck ratio is a sensitive, real-time indicator of the balance between spot market demand and capacity. Changes in the ratio often signal impending changes in rates.
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. For complete national and regional reports on spot rates and demand, access www.dat.com/Trendlines.

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 ...