{"id":3325,"date":"2022-02-24T19:37:45","date_gmt":"2022-02-24T19:37:45","guid":{"rendered":"https:\/\/cantruck.ca\/capacity-crunch-fuel-costs-push-spot-freight-rates-higher\/"},"modified":"2025-01-10T16:43:30","modified_gmt":"2025-01-10T16:43:30","slug":"capacity-crunch-fuel-costs-push-spot-freight-rates-higher","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/capacity-crunch-fuel-costs-push-spot-freight-rates-higher\/","title":{"rendered":"Capacity Crunch, Fuel Costs Push Spot Freight Rates Higher"},"content":{"rendered":"
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US\u00a0spot truckload freight hit new highs in January, nearly $1 a mile higher than a year ago, according to DAT Freight & Analytics.<\/span><\/p>\n<\/div>\n

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Evan as the number of loads moved dropped throughout the month, spot market rates for dry van and refrigerated freight rose for the eighth straight month, nearly $1 higher than the national average a year ago, according to DAT.<\/p>\n<\/div>\n

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Spot truckload rates are negotiated on a per-load basis and paid to the carrier by a freight broker. DAT\u2019s rate analysis is based on $116 billion in annualized freight transactions.<\/p>\n<\/div>\n

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The van rate averaged $3.11 per mile in January, an 11-cent increase over December. The average reefer rate was $3.59 per mile, up 12 cents month over month.<\/p>\n<\/div>\n

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In Canada, Loadlink Technologies recently reported Canada\u2019s spot market surged 154% year over year, marking the best January on record by an additional 14%. Shipments from Canada to the U.S. were nearly three times higher than a year ago.<\/p>\n<\/div>\n

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Meanwhile capacity remains extremely tight, with just 0.93 trucks posted per load.<\/p>\n<\/div>\n

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\u201cCombining the current truck shortage with the huge surge in loads only compounds the capacity constraints,\u201d says Claudia Milicevic, president of \u201cTruck-to-load ratios are even lower than the record low capacity crunch that temporarily ensued following the electronic logging device (ELD) mandate in the U.S. close to five years ago.\u201d<\/p>\n<\/div>\n

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Cross-border loads into the U.S. jumped 281% year over year, while inbound cross-border loads were up 116%.<\/p>\n<\/div>\n

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Domestic freight volumes remained strong, up 166% year over year. The truck-to-load ratio was down 23% from December\u2019s 1.21, and 64% lower year over year when there were 2.57 trucks posted per load.<\/p>\n<\/div>\n

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The shortage of trucks is particularly felt in the reefer segment, Loadlink reports, with the truck-to-load ratio falling from 0.9 in the first half of January to 0.57 in the second half \u2013 a decrease of 36%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US\u00a0spot truckload freight hit new highs in January, nearly $1 a mile higher than a year ago, according to DAT Freight & Analytics. Evan as the number of loads moved…<\/p>\n","protected":false},"author":2,"featured_media":705,"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":[30,2075,33,1689,824],"class_list":["post-3325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","tag-capacity","tag-dat-freight-analytics","tag-freight-market","tag-loadlink","tag-spot-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3325","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=3325"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/705"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}