Van rates holding, spot-market demand rising
DAT reports that after a surge in spot market activity two weeks ago, spot rates and volumes for vans held up last week. The national average rate for vans held at $1.86 per mile with fuel, 3 cents higher than November 2012 and 2 cents ahead of October 2013. Most regional hubs were stable last week as retail goods continue to make their way through the supply chain.
Reefer rates were down slightly, and flatbed rates were flat, though down a nickel over four weeks.
Good news in all segments nationally is that load-to-truck ratios were up significantly in the past week, an indication of demand outstripping capacity. While week-to-week gains were fairly small, compared to October 2012 this year’s load-to-truck ratios were up 34 percent (flat) and 28 percent (reefer).