Spot market rates drop for second consecutive week

By Tyson Fisher, Land Line staff writer | Wednesday, October 21, 2015

Two leading load boards are in complete agreement for the movement of rates for van, reefer and flatbed freight last week. Rates are down across the board for all three modes for the second consecutive week.

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

Van rates dropped another 4 cents to $1.65 after a 4-cent drop the previous week, according to Truckstop.com. DAT van rates dropped a penny to $1.72, further separating rates between the two load boards.

Reefer rates at Truckstop.com were also down 4 cents to $1.91. Over at DAT, reefer rates dropped a cent to $1.95. Over the past several weeks, reefer rates between the two load boards have remained relatively close together.

Flatbed rates went down a penny from the previous week to $1.95, according to Truckstop.com. DAT is also reporting a 1-cent drop to $2 for flatbed rates.

Across all modes, Truckstop.com shows that load availability decreased by 3.7 percent, and truck supply went up by 0.8 percent, indicating a disadvantage for truckers seeking loads in comparison to the previous week. According to DAT, load-to-truck ratios were down anywhere from 2.4 percent to 9.8 percent across all modes.

Truckstop.com has placed the Market Demand Index (MDI) at 9.6, a 0.4-point decrease 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. This time last year, the MDI was 17.4.

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