Refrigeratedtransporter 1942 Spot Mkt Chart Feb 4

Spot truckload rates soften for refrigerated, van freight

Feb. 13, 2017
A 7.7% gain in spot truckload freight volume and a 2.1% dip in capacity were not enough to buoy spot truckload rates during the week ending February 4, 2017, said DAT Solutions.

A 7.7% gain in spot truckload freight volume and a 2.1% dip in capacity were not enough to buoy spot truckload rates during the week ending February 4, 2017, said DAT Solutions, which operates the DAT network of load boards.

The national average flatbed rate showed a modest gain while refrigerated and van freight rates both fell the week ending February 4. These rates for each trailer type remain higher than they were in February 2016, however.

Reefer trends—The reefer load-to-truck ratio dropped 3% to 5.2 nationally as the number of available loads declined 5% and capacity was down 3%. The average reefer rate lost 6 cents to $1.91/mile, continuing a pattern of weekly post-holiday declines.

Van trends—The spot market for vans was steady the week ending February 4 as the number of load posts increased less than 1% and truck posts retreated 2%. The load-to-truck ratio gained 3% to 2.6 loads per truck and the national average rate slipped 3 cents lower to $1.66/mile.

Outbound rates decreased in many major markets:

•Dallas TX, $1.51/mile, down 1 cent

•Atlanta GA, $1.85/mile, down 1 cent

•Philadelphia PA, $1.62/mile, unchanged

•Chicago IL, $1.96/mile, down 5 cents

•Los Angeles CA, $1.90/mile, down 5 cents

In the West, Stockton CA, Seattle WA and Denver CO all slipped 5 cents lower compared with the previous week, and Denver-Chicago dropped below $1 a mile (97 cents/mile, down 2 cents).

Flatbed trends—Flatbed load availability jumped 21% while the number of flatbed truck posts was virtually unchanged. That led to a 21% increase in the flatbed load-to-truck ratio to 21.9 loads per truck nationally. The average flatbed rate edged up 1 cent to $1.92/mile—that’s the third straight week of penny-a-mile rate increases.

Regionally, spot flatbed rates were mixed as several top-paying lanes experienced a drop-off or modest gains:

•Reno NV-Watsonville CA, $3.25/mile, down 43 cents

•Houston TX-Fort Worth TX, $2.13/mile, down 6 cents

•Roanoke VA-Springfield IL, $2.83/mile, unchanged

•Baltimore MD-Springfield, $2.85/mile, down 38 cents

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. At $2.56/gallon, the average price of on-highway diesel was unchanged the week ending February 4.

For the latest spot market load availability and rate information, go to 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 ...