Spot truckload freight activity fell sharply during the week ending July 8 as the number of posted loads decreased 34 percent and truck posts slipped 19 percent, reported DAT Solutions, which operates the DAT network of load boards.
With July 4 landing on a Tuesday, many people took Monday off for a four-day weekend. Load posts, truck posts, and load-to-truck ratios were down for all three equipment types as a result of the shorter work week.
National average spot rates remain elevated, however, according to DAT numbers.
Nationally, the number of van load posts declined 32 percent and truck posts were down 20 percent last week. That caused the van load-to-truck ratio to fall 16 percent to 5.4 loads per truck.
The national average van rate rose to $1.90/mile while rates from major markets slipped:
Reefer load posts fell 36 percent after several weeks of ramp-up to the Fourth of July holiday. Truck posts were down just 9 percent by comparison, which pushed the national reefer load-to-truck ratio 29 percent lower to 8.3 loads per truck.
The national average spot reefer rate increased 5 cents to $2.17/mile.
Flatbed load posts fell 33 percent while truck posts dropped 29 percent, which sent the load-to-truck ratio 7 percent lower to 36.3 loads per truck. The national average rate for flatbeds was $2.21/mile last week, its highest level in two years.
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. All reported rates include fuel surcharges.
For the latest spot market load availability and rate information, visit dat.com/trendlines and join the conversation on Twitter with @LoadBoards.