16.9 C
Vancouver
Friday, May 23, 2025

Spot Market Flat

Spot market rates may be getting ready to rise, according to DATโ€™s Trendlines. Rates leveled off for vans and flatbeds during the week ending Feb. 20, 2016, and demand increased for both equipment categories. Reefer rates dipped slightly, however, due to a change in the fuel surcharge.

Total load volume increased 4.1 percent on the spot market for the week. Van load posts increased 4 percent while truck posts declined 3 percent for a 7.4 percent increase in the load-to-truck ratio from 1.3 to 1.4 loads per truck. A 1 percent increase in flatbed capacity was offset by a 10 percent increase in load volume, yielding a 10 percent increase in the load-to-truck ratio from 9.6 to 10.6 loads per truck.

Both van and flatbed rates held at $1.58 and $1.83 per mile, respectively. While rates didnโ€™t rise, a positive change in volume is significant, as capacity has been trending up while rates have fallen.

Refrigerated load posts declined 6 percent for the week, which combined with a 1 percent increase in truck posts to cause a 7 percent decline in the load-to-truck ratio of 3.1 to 2.9 loads per trucks. Rates dropped one cent to $1.84 per mile.