Tag: spot market: Page 17

Loose capacity a ‘speed limiter’ on rising rates in van freight

The national average van rate held tight at $1.68 per mile last week. Still, rising lanes continue to outnumber falling lanes in what’s been a slow and steady trend.

April 26, 2017

The national average van rate held tight at $1.68 per mile last week. Still, rising lanes continue to outnumber falling lanes in what’s been a slow and steady trend. Loose capacity in some parts of the country has put something of a speed limiter on rising rates so far this spring.

Dry van, reefer improved last week in many markets

It’s typical for spot volumes to drop in the week before Easter, since that week tends to wrap up early on Good Friday. Good news is that the drop-off was slight compared to previous years.

April 19, 2017

The slight national average-rate drop in van had more to do with the mix of freight. Long-haul freight (generally lower per-mile averages) was up, while shorter runs (generally higher) were down.

Spot market: Good things come to those who wait

In this week’s spot market update, owner-operator James Woods urges more owner-operators to use tactical patience/time to their negotiating advantage — and demand maps, more for dry van, reefer loads in the last week.

April 6, 2017

DAT VanHotStatesMap-2017-Mar26-Apr1-2017-04-06-14-46

Demand edges down, but freight volumes steady in van, lagging a bit in reefer with weather

A little “bitter fruit” in the spot market update this week, notes Ken Harper of DAT. “We’re still seeing good volumes on freight, especially on the Top 100 van lanes, but unfortunately the capacity is there as well, so rates haven’t lifted.”

March 29, 2017

Van rates averaged $2.33 per mile last week from Chicago to Buffalo, but the return trip from Buffalo to Chicago still lagged at a paltry $1.33 per mile on average. If you can make it fit with your schedule, split that trip to boost your revenue. In the example here, a load from Buffalo to Pittsburgh, which paid an average of $2.82 per mile last week, paired with a load from there back to Chicago, will make for a $2.14 average for all loaded miles on the round-trip, compared to $1.83 for the there-and-back. That works out to about $625 more in revenue for 135 extra miles, not counting any deadhead.

Vans, flats in good demand — and improving — on the spot market

Conditions continue to improve for many truckers in the spot market in many areas around the country. In this week’s update, the flatbed Hot States map is about as hot as we’ve ever seen it. Rates and volumes did retreat, however, in some areas,

March 22, 2017

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Flurry of Northeast loads boosted van demand indicators ahead of storm

On the top 100 van lanes, however, rates rose on most, but the overall trend was neutral. Spot market volumes remain strong, though, and if the winter storm leads to tighter capacity, rates should rise to follow. More reefer, van hot (and not-so-hot) markets in this week’s report.

March 15, 2017

Higher than usual load counts in the northeast led for generally greater load-to-truck ratios last week, ahead of the forecast noreaster that just tore through the region.

Cross your fingers and say, three times, ‘Spring freight season’ …

As on a teeter-totter, as on the spot freight market — what goes down must come up. Well, sort of. Spot market volumes on DAT Load Boards continued their climb last week, enough to finally put pressure on rates to rise.

March 8, 2017

DAT FlatbedHotStatesMap-2017-Feb26-Mar4-2017-03-08-11-57

Spot freight volume: 100 percent higher than this time last year

The stat in the headline doesn’t tell the whole story, however, as rates are basically flat from where they’ve been the past few weeks. Some bright spots, however, in flatbed.

March 1, 2017

Higher volumes in the Southeast and Northeast have been driving much of the action. A lot of lanes have been up-and-down as of late, though, depending on weather changes. For these demand maps, as is usual in these reports, darker colors represent higher load-to-truck ratios and better negotiating strength for carriers on average.

Reefer rates follow van to winter lows, particularly out West

With last week’s spot market update, it looked like van rate averages on many lanes might have been near the bottom for this slow season. It’s looking that way for reefer rates now, and spot market volumes have been relatively constant in the segment.

February 22, 2017

There’s less retail freight moving right now, which has affected shipments between the two distribution hubs of Memphis and Columbus, Ohio. Unlike a lot of lane pairs, these two tend to move up and down in tandem, and last week they were down. If you’ve got the extra time and are looking to get some extra miles, split either leg into two with a load to Bloomington, Ill. The run from Memphis did better — at $2.03/mile on average, $2.40 from there to Columbus — than the high-volume run straight to Columbus. The trip adds more than 200 miles, not counting deadhead, but you can also boost your average rate for all loaded miles from $1.57 to $1.89/mile. This “trihaul” works in the other direction in a similar way, too.

Winter doldrums in the spot market for vans, reefers

Van rates may have hit bottom for the season, says DAT’s Ken Harper. “There are reasons to be cautiously optimistic, however, for spot freight. “Volumes on the top 100 van lanes were up 2.5 percent over the previous week, and about the same month over month.”

February 16, 2017

Dat Van Hot States Map 2017 Feb5 11 2017 02 16 08 41

Top 10 cities for van, reefer, flatbed freight in 2016

For the second year in a row, Atlanta was the top city for van and reefer spot truckload freight in 2016, according to DAT Solutions. Little Rock, Ark., held also held its spot as the top city for flatbed spot freight.

February 14, 2017

DAT Solutions recently released its 2016 rankings for spot market truckload freight.

Some high notes for flatbeds amid seasonal spot market fall-off

Flatbed rates had a small rebound last week, amid seasonal declines across all segments. On the top 78 open-deck lanes, rates rose on 42 of them, while 31 declined. The other five were neutral.

February 9, 2017

Rates had a small rebound last week, too, for flats. On the top 78 lanes, rates rose on 42 of them, while 31 declined. The other five were neutral.

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