Average spot rates still struggling to increase

By Tyson Fisher, Land Line staff writer | Wednesday, November 04, 2015

Two leading load boards reveal varying numbers for the movement of rates for van, reefer and flatbed freight last week. Rates are mostly down or unchanged, indicating a fourth consecutive week of no significant improvements.

Van rates increased by 3 cents to $1.67 after several weeks of declines, according to Truckstop.com. DAT Solutions van rates dropped a penny to $1.71, closing a widening gap between the two load boards.

Reefer rates at Truckstop.com were unchanged at $1.91. Over at DAT, reefer rates went down a penny to $1.94. Over the past several weeks, reefer rates between the two load boards have remained relatively close together.

Flatbed rates went down 2 cents from the previous week to $1.92, according to Truckstop.com. DAT is reporting no changes for flatbed rates at $2, the third consecutive week at that price.

Across all modes, Truckstop.com shows that load availability increased by 1.2 percent, and truck supply went down by 2.4 percent, indicating an advantage for truckers seeking loads in comparison to the previous week. According to DAT, load-to-truck ratios were up for two of three modes, with flatbed freight experiencing the only decline.

Truckstop.com has placed the Market Demand Index (MDI) at 9.46, a 0.33-point 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. This time last year, the MDI was 16.2.

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