DAT: Truckload volumes rose in July as spot van rates hit parity year over year
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Truckload volumes rose in July as spot van rates hit parity year over year (Graphic: DAT Freight & Analytics)
The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, increased marginally for van and refrigerated (“reefer”) loads in July:
- Van TVI: 273, up 0.7% month over month
- Reefer TVI: 205, up 1.5%
- Flatbed TVI: 271, down 3.2%
The TVI was higher for all three equipment types compared to
“Near-record container imports and weather-related supply chain disruptions helped drive loads to the spot market at a time when available capacity tightened,” said
Spot rates held steady
National average spot truckload van and reefer rates held firm compared to June:
-
Spot van:
$2.06 per mile, down1 cent -
Spot reefer:
$2.45 a mile, unchanged -
Spot flatbed:
$2.60 a mile, down3 cents
Linehaul rates, which subtract an amount equal to an average fuel surcharge, were also flat. The average van linehaul rate was
National average rates for contracted freight were generally unmoved:
-
Contract van rate:
$2.43 per mile, down1 cent -
Contract reefer rate:
$2.81 a mile, unchanged -
Contract flatbed rate:
$3.11 a mile, down3 cents
Load-to-truck ratios declined
National average load-to-truck ratios declined for all three equipment types:
- Van ratio: 4.2, down from 4.7 in June, meaning there were 4.2 loads for every van truck on the DAT One marketplace.
- Reefer ratio: 6.5, down from 7.0
- Flatbed ratio: 11.9, down from 14.6
Ratios were higher compared to
About the DAT Truckload Volume Index
The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month. A baseline of 100 equals the number of loads moved in
DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Linehaul rates subtract an amount equal to an average fuel surcharge.
About DAT Freight & Analytics
DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service in
Founded in 1978, DAT is a business unit of
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DAT
PR@dat.com / annabel.reeves@dat.com; 503-501-0143
Source: DAT Freight & Analytics