August marks one month of falling average spot market rates

| Wednesday, August 05, 2015

For the fourth consecutive week, spot rate averages for freight were down across the board for the week ending Saturday, Aug. 1. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates went down a penny to $1.82. Los Angeles experienced rates as high as $2.23, unchanged from the previous week. Rates for the month of July were down 2.7 percent from the previous month and declined 11 percent since July 2014. Load-to-truck ratios increased by 6.25 percent to 1.7 loads per truck. For the first time this year, no states have a load-to-truck ratio of 5.5 or greater. 

Reefer rates were reduced by 2 cents to $2.13. Green Bay rates were as high as $2.63, unchanged compared to the week prior. Lakeland, Fla., had the low rates at $1.54. Compared with July 2014, reefer rates are down 9 percent. Load-to-truck ratios went up 2 percent to 4.2 loads per truck. Three states – New Mexico, Arizona and Delaware – have a ratio of 12 or more, one more than the previous week.

Flatbed rates declined by a penny to $2.13. Harrisburg, Pa., had a high rate of $3.29, a steep decline of 63 cents from the week before. Phoenix marked a low rate of $1.89. Rates are down 2.7 percent for the month and 12 percent in the past 12 months. There were 14.5 loads per truck for flatbeds, an increase of 10 percent from the previous week. Only 14 states have a load-to-truck ratio of 18 or more, slightly less than half the amount from the prior week. Most of the states that dropped below 18 loads were east of the Mississippi River.

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