Wednesday, December 13, 2017

Capacity tight, van rates highest since December 2014, reports DAT Trendlines


Wednesday, October 11, 2017
by THE TRUCKER STAFF

Spot flatbed rates were up 1.8 percent for the first week of October compared with the last week of September, up 3.7 percent for September over August, and up 20 percent year-over-year for September. (The Trucker file photo)
Spot flatbed rates were up 1.8 percent for the first week of October compared with the last week of September, up 3.7 percent for September over August, and up 20 percent year-over-year for September. (The Trucker file photo)

Capacity remains tight for all three trailer types, reported DAT Trendlines today.

The national average van rate reached $2.09 per mile last week. The last time the average van rate was that high was December 2014.

Reefer and flatbed rates are also at multi-year highs, the report stated.

Relief and rebuilding efforts in areas affected by Hurricanes Irma and Harvey — along with strong harvests in Northern states and California — have put a squeeze on capacity nationwide, as load-to-truck ratios remain high for all three trailer types.

Spot market loads are down 3 percent for the first week in October compared with the last week in September but by month, September was up 12 percent compared with August. And year-over-year, September of this year was up 117 percent for spot market rates over September 2016.

Spot flatbed rates were up 1.8 percent for the first week of October compared with the last week of September, up 3.7 percent for September over August, and up 20 percent year-over-year for September.

Spot-rate reefer load rates were also increased for the same time categories: Up 6.3 percent, 7.2 percent and 17 percent, respectively.

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