DAT: Truckload spot rates gained in May on robust van and reefer volumes
18 Junho 2024 - 2:18PM
Business Wire
Spot truckload rates bounced higher in May as shippers sought
capacity to move higher volumes of van and refrigerated freight,
said DAT Freight & Analytics, operators of the DAT One freight
marketplace and DAT iQ data analytics service.
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DAT: Truckload spot rates gained in May
on robust van and reefer volumes (Graphic: DAT Freight &
Analytics)
The DAT Truckload Volume Index (TVI), an indicator of loads
moved during a given month, hit all-time highs for van and
refrigerated (“reefer”) loads:
- Van TVI: 289, up 4% from April
- Reefer TVI: 224, a 4% increase month over month
- Flatbed TVI: 301, down 2% from April
The van and reefer TVI numbers climbed 13% and 25% higher,
respectively, compared to May 2023. The flatbed TVI fell
month-over-month for the first time since December 2023.
“Stronger van and reefer volumes are consistent with May, when
shippers move seasonal produce and retail goods and truckload
capacity tightens due to the Roadcheck inspection event and
Memorial Day holiday,” said Ken Adamo, DAT Chief of Analytics.
“Carrier attrition created further pressure on capacity.”
Spot rates reflected higher demand
Spot prices responded last month, with national average van and
reefer line-haul rates within 2% of where they were in May
2023:
- Spot van: $2.01 per mile, up 2 cents
- Spot reefer: $2.41 a mile, up 9 cents
- Spot flatbed: $2.52 a mile, unchanged
Line-haul rates, which subtract an amount equal to an average
fuel surcharge, increased for all three equipment types. The
average van line-haul rate was $1.58 a mile, up 5 cents compared to
April; the reefer rate jumped 9 cents to $1.94; and the flatbed
rate gained 4 cents to $2.01.
National average rates for contracted van and reefer freight
declined compared to April:
- Contract van rate: $2.43 per mile, down 2 cents
- Contract reefer rate: $2.79 a mile, down 3 cents
- Contract flatbed rate: $3.16 a mile, up 1 cent
Load-to-truck ratios edged higher
National average van and reefer load-to-truck ratios rose in
May:
- Van ratio: 4.4, up from 1.9 in April, meaning there were 4.4
loads for every van truck on the DAT One marketplace
- Reefer ratio: 6.3, up from 4.8
- Flatbed ratio: 18.0, down from 18.5
Load-to-truck ratios reflect truckload supply and demand on the
DAT One marketplace and indicate the pricing environment for spot
truckload freight.
About the DAT Truckload Volume Index
The DAT Truckload Volume Index reflects the change in the number
of loads with a pickup date during that month. A baseline of 100
equals the number of loads moved in January 2015, as recorded in
DAT RateView, a truckload pricing database and analysis tool with
rates paid on an average of 3 million loads per month.
DAT benchmark spot rates are derived from invoice data for hauls
of 250 miles or more with a pickup date during the month reported.
Line-haul rates subtract an amount equal to an average fuel
surcharge.
About DAT Freight & Analytics
DAT Freight & Analytics operates both the largest truckload
freight marketplace and truckload freight data analytics service in
North America. Shippers, transportation brokers, carriers, news
organizations, and industry analysts rely on DAT for market trends
and data insights based on more than 400 million annual freight
matches, and a database of $150 billion in annual freight market
transactions.
Founded in 1978, DAT is a business unit of Roper Technologies
(Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and
Fortune 1000. DAT is headquartered in Beaverton, Ore.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240618135924/en/
Annabel Reeves Corporate Communications, DAT Freight &
Analytics PR@dat.com / annabel.reeves@dat.com; 503-501-0143
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