Van rates holding, spot-market demand rising

| November 22, 2013
The chart depicts national average spot market ("broker buy") rates in the past four weeks, derived from the DAT RateView system.
The chart depicts national average spot market (“broker buy”) rates in the past four weeks, derived from the DAT RateView system.

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.

Related

Rates fall in all three segments in October

Per-mile spot market rates for all three segments — reefer, dry van and flatbed — fell in October, sticking with trends of 2012 and 2011, according to Internet Truckstop's monthly rate data, released this week.

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). 

Find more rate trend information via DAT’s Trendlines main site. 

 

  • Jim Kennedy

    I tried making a comment a minute ago and it didn’t show up. How did DAT come up with these stats? I know I don’t own their program but Overdrive is pushing their advertising and stats, in past eras, we had the 8 ball (not necessarily directed towards trucking), I hope this program is more sophisticated than that. Otherwise, its Absolutely, Quantifiably, Not Necessary, etc..