DAT Solutions: Southbound and up! Spot rates jump

Special to Land Line | Wednesday, May 11, 2016

Load volume continued to increase last week, and rates are responding.

Truckload rates on the spot market jumped sharply for all three equipment types during the first week of May, says DAT Solutions, which operates the MembersEdge load board. The number of loads posted on DAT boards was up 5.1 percent compared to the previous week.

This goes to 11: The number of posted reefer loads increased 11 percent, and the national average spot reefer rate was up 11 cents to a national average of $1.90/mile.

Florida producing: Outbound reefer volumes and rates surged in Florida:
Lakeland was up 29 cents to an average of $1.91/mile.
Miami added 23 cents to an average of $2.32/mile.
The lane from Miami to Atlanta paid an average of 38 cents better last week at $2.18/mile.
Hot lane: Miami-to-Baltimore jumped 41 cents to an average of $2.62/mile.

Vans in demand: Van load posts rose 11 percent and pushed the van load-to-truck ratio up 11 percent to 1.8 loads per truck.

Van rate jumps 7 cents: The national average spot van rate was $1.57/mile, a 7-cent increase including a 2-cent rise in the average fuel surcharge.

Look South: The top five van markets on DAT MembersEdge were Atlanta, Houston, Charlotte, Greenville, S.C., and Lakeland. The No. 2 market, Houston, averaged $1.49/mile, up 5 cents, with rates up on all major outbound lanes and trucks in short supply.

Flats hold steady: Flatbed load volume was unchanged while capacity increased 12 percent from the previous week. That led to an 11 percent decline in the load-to-truck ratio to 18.8 flatbed loads per truck. The national average flatbed rate added 1 cent to $1.91 a mile.

Fuel surcharge: Diesel prices inched up a half cent to $2.27/gallon as a national average. A steady increase in diesel prices added 2 cents per mile to the average fuel surcharge and gave spot rates an extra boost. 

Get the latest rate trends at DAT.com/Trendlines or join the conversation on Twitter with @LoadBoards. Look for more information about load availability and rates at OOIDA’s MyMembersEdge.com, and listen in each Wednesday to Land Line Now for more talk about where to find profitable freight.

Copyright © OOIDA

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