BEAVERTON, OR — Spot market truck rates declined on average in the U.S. over the past week while available truckload capacity increased, according to DAT Solutions, which operates the DAT network of load boards.
For the week ending July 11 compared to the previous seven days the average spot van rate fell US$0.02 to US$1.87 per mile. Also, the van load-to-truck ratio slipped 17% resulting in two available van loads for every truck posted on the DAT network.
The load-to-truck ratio is a sensitive, real-time indicator of the balance between spot market demand and capacity. Changes in the ratio often signal impending changes in rates, according to DAT.
Available van capacity increased 25% largely because last week had five workdays and the previous week had only four due to U.S. Independence Day holiday. DAT said a 20% to 25% increase in load board activity is typical during the first week following a holiday.
Meantime, the volume of refrigerated load posts increased 0.5% while truck posts increased 28%. The national average reefer load-to-truck ratio dropped 22% to five loads per truck while the average spot reefer rate fell US$0.03 to US$2.19 per mile.
Flatbed load posts rose just 3.9% while truck posts increased 22%. The load-to-truck ratio lost 15%, falling to 14.2 loads per truck, as the average spot flatbed rate dipped another US$0.02 to US$2.16 per mile.
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