Spot truckload freight volume and available capacity both fell during the week ending May 21, 2016, reported DAT Solutions, which operates the DAT network of load boards.
However, load-to-truck ratios increased and diesel prices have been rising sharply—an indication that spot rates may pick up soon.
The number of spot market load posts dropped 4%, driven by a 6% decline in flatbed load volume. Fewer truck posts compared with the previous week helped boost load-to-truck ratios across all three equipment types: the van ratio gained 1%, to 1.7 loads per truck; the reefer ratio increased 18% to 3.3; and the flatbed ratio was up 5% to 15.4. Load-to-truck ratios measure the number of loads posted for each available truck on the DAT network.
Spot reefer rates rose on more than half of the highest-volume lanes. The high-dollar market in each region:
•West—Los Angeles CA, $2.41/mile, unchanged
•Midwest—Grand Rapids MI, $2.39/mile, up 2 cents
•South Central—McAllen TX, $1.88/mile, down 1 cent
•Southeast—Miami FL, $2.06/mile, unchanged
•Northeast—Philadelphia PA, $2.16/mile, down 9 cents
Atlanta GA and Lakeland FL are still number one and two for reefer load posts on DAT load boards, though volumes slipped a bit in central Florida.
Volume was up in Houston TX, the nation’s number two market for van load posts on DAT load boards after Atlanta. Chicago IL’s average outbound rate was down 2 cents to $1.71/mile, and rail competition is killing the lane from Chicago to Los Angeles: the average spot van rate lost another 14 cents to just $1.05/mile.
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. All reported rates include fuel surcharges.
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.
For complete national and regional reports on spot rates and demand, go to www.dat.com/Trendlines.
