Where freight’s hot and not: National van, flat, reefer demand update

Van load availability on the spot market rose 8.4% last week, while truck posts on DAT Load Boards declined 2.2%. That pushed the national load-to-truck ratio up from 1.3 to 1.5 loads per truck. For the month of October, load posts were down 11% compared to September, but demand remained high in the Pacific Northwest agricultural markets of Medford, OR and Twin Falls, ID, as depicted in this Hot States Map for the week of Oct. 25-31. A relative shortage of trucks also led to higher ratios in the Dakotas, and in Missoula, MT, but demand there was more subdued.

Spot market van load availability, after weeks of flat or declining numbers on DAT Load Boards, rose 8.4 percent last week, the company reports. Truck posts declined 2.2 percent, pushing the national load-to-truck ratio up from 1.3 to 1.5. For the month of October, load posts were down 11 percent compared to September, but demand remained high in the Pacific Northwest agricultural markets, as shown in this map. A relative shortage of trucks also led to higher ratios in the Dakotas and in Missoula, Mont., but demand there was more subdued.

Reefer freight availability held steady last week, but the national average rate declined by 1¢, to $1.94 per mile. Compared to September, the load-to-truck ratio for reefers declined 18%, a common seasonal trend. Reefer demand remains robust in agricultural markets of the Upper Midwest, including Green Bay, WI, where outbound rates rose 10¢ last week to an average of $2.73 per mile.

Reefer volume held steady last week, but the national average rate declined by 1 cent to $1.94 per mile, or steady since the last, Oct. 14 update. Compared to September, the load-to-truck ratio for reefers declined a marked 18 percent, though it represents a common seasonal trend. Reefer demand remains robust in agricultural markets of the Upper Midwest, including Green Bay, Wis., where outbound rates rose 10 cent last week to an average of $2.73 per mile.

Spot market rates held steady for flatbeds last week, despite a 7.8% increase in capacity that drove the load-to-truck ratio down 7.2%, to 8.5 loads per truck. That is an uncharacteristically low ratio for flatbeds, falling below 10 in October for the first time in three years. The national average rate slipped 3¢ lower in October compared to September, to a national average of $2.00 per mile. Outbound rates lost traction in Houston, a historically strong flatbed market where rates were down 4¢ to an average of $2.05 per mile last week. Rates also declined in Atlanta, down 8¢ to $2.21, but outbound flatbeds got a 6¢ increase out of Los Angeles, to $2.32 per mile.

Spot market rates held steady for flatbeds last week, despite a 7.8 percent increase in capacity that drove the load-to-truck ratio down by a similar percentage to 8.5 loads per truck. That, DAT says, is an uncharacteristically low ratio for flatbeds for its boards, falling below 10 in October for the first time in three years. The national average rate slipped 3 cents lower in October compared to September, to a national average of $2.00 per mile, or 3 cents below levels a month ago in the last update. Outbound rates lost traction in Houston, a historically strong flatbed market, where rates were down 4 cents to an average of $2.05 per mile last week. Rates also declined in Atlanta, down 8 cents to $2.21, but outbound flatbeds got a 6-cent increase out of Los Angeles to $2.32 per mile.

Van demand continues soft after summer retail inventory build-up

Receivers' outsize summer build-up of retail inventories could be responsible for continuing "soft" dry van volumes for this time of year on the spot market. ...

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