Spot truckload freight availability in May reached its\u00a0highest point since September, 2015, increasing 7.3% \u00a0compared to April and 63% \u00a0year-over-year,\u00a0reported DAT Solutions, which operates the industry’s largest\u00a0on-demand exchange\u00a0for spot truckload freight.<\/p>\n
A steady increase in van and reefer freight volume, combined with higher rates and load-to-truck\u00a0ratios, are signs that \u201cwe are leaving the freight recession behind in the rear-view mirror,\u201d said Mark Montague,\u00a0DAT industry pricing analyst.<\/p>\n
Van and refrigerated freight activity led the way in May, with van volume gaining 16% compared to April\u00a0and reefer freight volume up 19%. This indicates higher demand for trucks to move dry goods and\u00a0agricultural products before the start of the summer, Montague said. Flatbed activity slipped 2.% month\u00a0over month, in line with seasonal norms.<\/p>\n
Total freight volumes beat prior-year comparisons for the 10th consecutive month. Compared to May 2016, van\u00a0load availability jumped 86%, reefers increased 87%, and flatbeds added 56%.<\/p>\n
Amid higher demand for truckload capacity, spot rates were higher for all three equipment types.<\/p>\n
Average spot van and refrigerated rates both increased in May, with the van rate gaining 2 cents to $1.69 per\u00a0mile compared to April and 15 cents year over year. The reefer rate was $2.02 per mile, an 8-cent increase\u00a0compared to April and up 13 cents compared to May 2016.<\/p>\n
The flatbed rate was $2.10 per mile, up 3 cents month over month and 8 cents year over year.<\/p>\n
Rates continued to rise for all three trailer types in the first week of June. Montague expects van and reefer\u00a0pricing and volume to be elevated through the Fourth-of-July weekend, when freight activity typically begins to\u00a0taper off.<\/p>\n
Reference rates are the averages, by equipment type, based on $33 billion of actual transactions between freight\u00a0brokers and carriers, as recorded in DAT RateView. Reference rates per mile include fuel surcharges, but not\u00a0accessorials or other fees. Beginning in January 2015, the DAT Freight Index was rebased so that 100 on the\u00a0Index represents the average monthly volume in the year 2000. Additional trends and analysis are available at\u00a0DAT Trendlines.<\/p>\n","protected":false},"excerpt":{"rendered":"
Spot truckload freight availability in May reached its\u00a0highest point since September, 2015, increasing 7.3% \u00a0compared to April and 63% \u00a0year-over-year,\u00a0reported DAT Solutions, which operates the industry’s largest\u00a0on-demand exchange\u00a0for spot truckload…<\/p>\n","protected":false},"author":2,"featured_media":441,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16],"tags":[624,166,167,978],"class_list":["post-2200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","tag-flatbed","tag-freight-rates","tag-freight-volumes","tag-sport-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/2200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/comments?post=2200"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/2200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/441"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=2200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=2200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=2200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}