Refrigeratedtransporter 1768 Spot Mkt Chart July 30

Load-to-truck ratios end July higher; spot volume climbs

Aug. 4, 2016
The number of available loads on the spot truckload freight market increased 3.5% during the week ending July 30, 2016, sending load-to-truck ratios higher at the close of July, reported DAT Solutions, which operates the DAT network of load boards.

The number of available loads on the spot truckload freight market increased 3.5% during the week ending July 30, 2016, sending load-to-truck ratios higher at the close of July, reported DAT Solutions, which operates the DAT network of load boards.

A big surprise: at $1.64/mile, the monthly average spot rate for vans in July was 2 cents higher than the average in June, when shippers typically have more demand for truckload capacity.

Vans—The number of van load posts increased 6% the week ending July 30 with shippers working to close July on a high note. The van load-to-truck ratio rose slightly to 2.8 loads per truck on a 5% drop in the number of posted trucks. Regionally, markets with the highest average rates showed little or no change compared with the previous week:

•Southeast—Charlotte NC, $1.95/mile, unchanged

•West—Los Angeles CA, $2.12/mile, up 2 cents

•Midwest—Chicago IL, $1.86/mile, unchanged

•South Central—Dallas TX, $1.58/mile, unchanged

•Northeast—Allentown PA, $2.00/mile, down 1 cent

Reefers—The number of reefer load posts gained 13% the week ending July 30 while truck posts fell 5%, which led to an 18% jump in the reefer load-to-truck ratio to 5.1 loads per truck. However, the national average spot reefer rate dropped another 3 cents to $1.93/mile. That’s below the June average but only by 4 cents. By comparison, 2015’s national reefer rate retreated 10 cents from June to July.

Flatbeds—The number of flatbed load posts declined 3% and truck posts were off 7% the week ending July 30, which caused the load-to-truck ratio to increase 5% to 14.4 loads per truck. The national average flatbed rate rose 1 cent per mile to $1.92/mile.

Most major flatbed markets were down, but one bucked that trend: Raleigh NC, where strong construction activity helped propel spot rates up 14 cents the week ending July 30 to an average of $2.54/mile. The lane from Raleigh to Tampa FL gained 35 cents in the past month to $2.55/mile.

The national average price of diesel slipped 3 cents to $2.35/gallon.

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.

Get the latest rate trends at www.DAT.com/Trendlines.

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