Spot market rates show no improvement for fourth consecutive week

By Tyson Fisher, Land Line staff writer | Wednesday, October 07, 2015

Two leading load boards indicated another week void of improvements for the movement of rates for van, reefer and flatbed freight last week. Rates are either down or unchanged for most modes.

Analysis of rates provided by DAT Solutions, which operates the DAT network of load boards, and Truckstop.com reveals mostly decreased or unchanged rates for reefers, flatbeds and vans.

Van rates remained stagnant at $1.73 for the third consecutive week, according to Truckstop.com. DAT van rates dropped a penny to $1.74, bringing the two load boards closer to agreement for van rates.

Reefer rates at Truckstop.com were down 2 cents to $2.02. Over at DAT, reefer rates remained unchanged at $2.01. Over the past several weeks, reefer rates between the two load boards have remained relatively close together.

Flatbed rates went up a penny from the previous week to $1.98, according to Truckstop.com. DAT is reporting no change at $2.03 for flatbed rates. Between the two load boards, flatbeds have consistently displayed the greatest disparity of the three modes, with this week revealing a 5-cent gap, closing the gap by a penny compared to the previous week.

Across all modes, Truckstop.com shows that load availability increased by 2.45 percent, and truck supply went down by 2.38 percent, indicating a small advantage for truckers seeking loads in comparison to the previous week. According to DAT, load-to-truck ratios for were up anywhere from 9 percent to 14 percent across all modes.

Truckstop.com has placed the Market Demand Index (MDI) at 11.1, a 1 percent increase from the previous week. The MDI is a comparison of available loads to available trucks posted on the load board. The higher the MDI, the better the chances that the power rests with the carriers and vice versa; currently, 10 represents an even market.

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