Posting activity took a holiday during Thanksgiving week
The Thanksgiving holiday took a bite out of the spot market last week (Nov. 23-29, Week 48), with load posts on DAT One down 48% week over week to 1.3 million. The total number of truck posts dropped 30% to 251,080. Thanksgiving can have an outsized effect on load and truck postings: freight swells the week before, then drops sharply during the holiday week when many shippers and receivers close for an extended weekend.
DAT iQ broker-to-carrier 7-day average spot rates:
▲ Dry van: $2.11 per mile, up 7 cents week over week
▲ Refrigerated: $2.50 per mile, up 5 cents
— Flatbed: $2.37 per mile, unchanged
Dry van
▼ Van loads: 685,607, down 43% week over week
▼ Van equipment: 129,687, down 31.3%
▲ Linehaul rate (net fuel): $1.75 per mile, up 7 cents
Reefer
▼ Reefer loads: 304,717, down 48% week over week
▼ Reefer equipment: 35,336, down 26%
▲ Linehaul rate (net fuel): $2.13 per mile, up 5 cents
Flatbed
▼ Flatbed loads: 313,284, down 54% week over week
▼ Flatbed equipment: 19,982, down 36%
— Linehaul rate (net fuel): $2.01 per mile, unchanged
U.S. National Average Diesel Price (Source: EIA)
▼ $3.85 per gallon, down 6 cents week over week (ending Nov. 24). ▲ 32 cents YOY
Market notes from Dean Croke, DAT iQ industry analyst:
The annual surge of reefer truckload demand is underway in the Philadelphia region, fueled by South American produce imports. The Port of Philadelphia is now receiving high-value perishables like Peruvian blueberries and Chilean grapes. This influx creates an immediate logistical challenge: perishable cargo must be quickly moved from port cold storage, leading to a sudden spike in demand for temperature-controlled trailers.
At $2.01 per mile, the national average flatbed spot rate held steady for the third consecutive week. This rate is currently just 3 cents higher year over year.
The Kenworth truck assembly plant in Chillicothe, Ohio, recently held the fifth annual Kenworth Truck Parade in the heart of downtown Chillicothe.
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