SoCal aside, spot freight slips

SoCal aside, spot freight slips

As the West Coast feels ripple effects from the bankruptcy of Hanjin Shipping Co., nationally the number of loads fell 5% during the week ending Sept. 24 while capacity was up 3%, according to DAT Solutions, which operates the DAT network of load boards. 

Those conditions helped send average van and refrigerated load-to-truck ratios down 10% last week: vans to 2.8 and reefers to 5.5. The flatbed load-to-truck ratio was 13.2, unchanged from the previous week.

The ratios are back on par with August levels but spot truckload rates didn’t move much:
Vans: Unchanged at $1.64/mile
Reefers: Unchanged at $1.91/mile
Flatbeds: Down 1 cent for an average of $1.88/mile

Los Angeles jumped to the No. 2 spot for the market with the most available outbound loads (behind Chicago). Spot van freight volume and rates surged there last week ($2.01/mile, up 2 cents). Los Angeles-Phoenix, up 4 cents to $2.61/mile, was the highest outbound rate, but rates on eastbound, long-haul lanes market made greater gains compared to the previous week.

KEY LANES

Several van lanes showed strength last week while two Los Angeles-inbound lanes created opportunities for carriers looking to position trucks in that market:

Columbus-Buffalo, $2.75/mile, up 6 cents
Atlanta-Lakeland, Fla., $2.37/mile, unchanged
Philadelphia-Boston, $3.15/mile, down 3 cents
Chicago-Los Angeles, $1.29/mile, up 9 cents
Dallas-Los Angeles, $1.08/mile, up 2 cents

Spot reefer prices were higher in the Los Angeles market, where the average outbound rate was up a penny to $2.36/mile. The highest-paying reefer lane in the West was Ontario, Calif.-Phoenix, up 2 cents to $2.90/mile.

TOP SPOT: TWIN FALLS

Twin Falls, Idaho, held onto the top spot last week for available reefer loads, due in part to strong potato harvests. The average Twin Falls-Chicago rate was up 24 cents to $1.89/mile. Midwest reefer rates were mostly down, but Green Bay-Minneapolis paid 20 cents better last week at $2.10/mile.

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. All reported rates include fuel surcharges.

Get the latest rate trends at DAT.com

TAGS: News
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