No improvements for average spot market freight rates for third week

By Tyson Fisher, Land Line staff writer | Wednesday, October 28, 2015

Two leading load boards show no improvements for the movement of rates for van, reefer and flatbed freight last week. Rates are down or unchanged across the board for all three modes for the third consecutive week.

Van rates dropped a penny to $1.64 after a 4-cent drop the previous week, according to Truckstop.com. DAT Solutions van rates remained unchanged at $1.72, keeping up with a trend of a widening gap between the two load boards.

Reefer rates at Truckstop.com were also down a penny to $1.94. Over at DAT, reefer rates were stagnant at $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 $1.94, according to Truckstop.com. DAT is reporting no changes for flatbed rates at $2.

Across all modes, Truckstop.com shows that load availability decreased by 5 percent, and truck supply went down by 0.1 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 4.2 percent to 11.1 percent across all modes.

Truckstop.com has placed the Market Demand Index (MDI) at 9.1, a 0.5-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 16.3.

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