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Home » In U.S., Spot Freight Availability Up 12 Percent at End of March

In U.S., Spot Freight Availability Up 12 Percent at End of March

April 7, 2015
DAT Solutions

Nationally, the average van and refrigerated spot market rates were unchanged at $1.94 and $2.15 per mile respectively, while the average flatbed rate gained a penny to $2.19 per mile.

Van rates out of Los Angeles added another 1 cent last week to $2.10 per mile with container traffic flowing more steadily through Southern California ports. The national average reefer rate picked up 2 cents to $2.56 per mile as the month and quarter draw to a close.

Flatbed markets remain strong, with load availability up 13 percent during the week. Capacity fell 7.3 percent, pushing the flatbed load-to-truck ratio up 21 percent from 16.4 to 19.9 loads per truck.

Demand for reefers was unchanged (up 0.3 percent) as reefer capacity tightened 3.9 percent. The reefer load-to-truck ratio rose 4.4 percent from 7.8 to 8.2 loads per truck.

Van freight availability surged 19 percent and capacity added 2.8 percent; the two metrics usually move in opposite directions. The national average van load-to-truck ratio increased 16 percent from 2.9 to 3.4 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.

Source: DAT Solutions

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KEYWORDS DAT Solutions Global Logistics Industrial Manufacturing Keywords trucking industry Logistics Logistics Management: LTL/Truckload Services Logistics Outsourcing logistics services LTL/Truckload Services motor freight North America Technology Transportation & Distribution Transportation Management U.S. trucking
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