DAT: Typical May truckload rates, volumes masked tariff turmoil
The DAT Truckload Volume Index (TVI) reflected typical seasonal changes:
- Van TVI: 247, up 3% compared to April
- Refrigerated (“reefer”) TVI: 200, up 5%
- Flatbed TVI: 309, down 4%
Year-over-year monthly comparisons for van freight were negative for the second consecutive month, slipping 1.4% compared to
Spot van, reefer rates gained
Amid relatively steady freight volumes, spot van and reefer rates increased solidly:
-
Spot van:
$1.99 per mile, up3 cents from April -
Spot reefer:
$2.36 per mile, up9 cents -
Spot flatbed:
$2.57 per mile, unchanged
The van linehaul rate averaged
Typically, van and reefer rates rise in May as demand to move produce and retail goods ahead of the
“The averages signaled normal seasonality in May, although in reality, there were swings in rates and volumes from week to week,” said
Contract rates slipped
Contract truckload rates dipped compared to April:
-
Contract Van:
$2.39 per mile, down1 cent month over month and4 cents lower year over year -
Contract Reefer:
$2.72 per mile, down2 cents and7 cents lower year over year -
Contract Flatbed:
$3.07 per mile, down1 cent and3 cents lower year over year
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
About DAT Freight & Analytics
DAT Freight & Analytics operates DAT One, North America’s largest truckload freight marketplace; DAT iQ, the industry’s leading freight data analytics service;
Founded in 1978, DAT is a business unit of
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DAT Contact
PR@dat.com / georgia.jablon@dat.com
Source: DAT Freight & Analytics