Reefer loads were up 30 for week ending June 10 DAT said File photo

Reefer loads were up 30% for week ending June 10, DAT said. (File photo)

Spot rates jump for all truckload types

Dry van ratio reaches its highest point in three years, according to DAT Solutions.

Load-to-truck ratios for spot truckload freight jumped sharply for all three equipment types during the week ending June 10, according to data tracked by DAT Solutions, with the van spot-load-ratio reaching its highest point in three years.

The number of available loads on DAT load boards was up 30% compared to the previous week, which was shortened by the Memorial Day holiday and included the annual Roadcheck inspection blitz. A 20% increase is more in line with expectations, the company said.
DAT added that brokers and shippers paid a premium for capacity in most major markets and lanes, with load-to-truck ratios reflected the increased freight activity:

  • Van ratio: 5.7 loads per truck, up 12%
  • Reefer ratio: 10.1, up 33%
  • Flatbed ratio: 49.2, up 27%

Nationally, the number of posted van loads increased 12% while truck posts were 8% higher, DAT noted, with the national average van rate gaining 6 cents to $1.79 per mile – continuing a run of week-over-week increases. Of the top 100 van lanes, only 26 had lower rates, the firm said.

Outbound rates were up in almost every major van freight market: Los Angeles was $2.28/mile, up 10 cents; Chicago was $2.06/mile, up 6 cents; Dallas was $1.76/mile, up 3 cents; Charlotte was $2.16/mile, up 11 cents; and Philadelphia was $1.73/mile, up 5 cents.

Reefer load posts increased 30% while truck posts fell 2%, which helped move the national average rate 7 cents higher to $2.11/mile. California shipments are expected to stay strong for at least through the Fourth of July holiday, and a few lanes crossed the $3 mark: Fresno-Denver surged 61 cents to $3.14/mile; Los Angeles-Portland, Oregon, was up 45 cents to $3.33/mile; Sacramento-Portland added 50 cents to $3.21/mile; and Sacramento-Salt Lake City rose 27 cents to an average of $3.00/mile.

Florida outbound rates for reefers tumbled, though, including Lakeland-Charlotte, which plunged 84 cents to an average of $1.82/mile.

The flatbed load-to-truck ratio skyrocketed as load posts increased 38% while truck posts increased 9%. The national average rate increased 3 cents last week to $2.15/mile, the highest weekly average rate in nearly two years. Flatbed demand can be volatile and shifts on a lane-by-lane basis. Key movers last week: Las Vegas ($2.82/mile, up 36 cents), Cleveland ($2.31/mile, up 11 cents), and Harrisburg, Pennsylvania ($3.41/mile, up 2 cents).

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