Average spot rates for freight make slight decline

By Tyson Fisher, Land Line staff writer | 11/18/2015

Two leading load boards are mostly in agreement of the movement of rates for van, reefer and flatbed freight last week. Rates are mostly down, indicating a return to declining rates after one week of modest improvements.

Van rates were up 3 cents to $1.70, according to Truckstop.com. DAT Solutions van rates went down 2 cents to $1.70, bringing the two load boards in agreement after several weeks of a widening gap.

Reefer rates at Truckstop.com dropped a penny to $1.93. Over at DAT, reefer rates were down 2 cents to $1.92, keeping the two load boards close in range. Reefer rates between Truckstop.com and DAT are typically close to one another.

Flatbed rates went down a penny from the previous week to $1.90, according to Truckstop.com. DAT is reporting a 2-cent drop for flatbed rates to $1.95, closing the gap between the two load boards. Last week, 6 cents separated Truckstop.com’s flatbed rates from DAT’s.

Across all modes, Truckstop.com shows that load availability decreased by 4.2 percent, and truck supply went up by 2.7 percent in comparison to the previous week. According to DAT, load-to-truck ratios were down for two of three modes, with reefer freight experiencing the only increase.

Truckstop.com has placed the Market Demand Index (MDI) at 8.3, a 0.6-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 16.4, or 49.3 percent higher than today.

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