Spot load and truck posts held firm entering November
Load posts on DAT One held steady during the week of Nov. 2-7, dipping 3% to 2.13 million. The number of load posts has been firm from week to week, averaging 2.19 million over the last 16 weeks. Truck posts increased 3% to 239,406 last week.
Broker-to-carrier 7-day average spot rates:
▼ Dry van: $2.06 per mile, down 1 cent week over week
▲ Refrigerated: $2.45 per mile, up 1 cent
— Flatbed: $2.41 per mile, unchanged
Dry van
▼ Van loads: 997,232, down 4% week over week
▲ Van equipment: 167,584, up 6%
▼ Linehaul rate: $1.69 per mile, down 1 cent
Reefer
▲ Reefer loads: 500,697, up 1% week over week
▲ Reefer equipment: 41,486, up 6%
▲ Linehaul rate: $2.09 per mile, up 1 cent
Flatbed
▼ Flatbed loads: 655,008, down 6% week over week
▼ Flatbed equipment: 30,336, down 9%
▼ Linehaul rate: $2.06 per mile, down 1 cent
U.S. National Average Diesel Price (Source: EIA)
▲ $3.75 per gallon, up 3 cents week over week. YOY: ▲ 22 cents
Market notes from Dean Croke, DAT iQ industry analyst:
The temperature-controlled market experienced uncharacteristic weakness three weeks out from Thanksgiving, with the national seven-day average linehaul reefer rate up 1 cent and reefer load posts virtually unchanged week over week.
Softness in reefer load posts was particularly evident in the 10 largest markets, which account for 23% of national volume. Load post volumes declined by 15%. Dallas recorded the most significant week-over-week decrease, plummeting by almost 27%.
Despite a 1-cent dip last week, the national average van rate was 3 cents higher than the same period last year and 2 cents higher than the three-month trailing average.
DAT’s top 50 van lanes by load volume averaged $1.98 per mile last week, down 2 cents week over week but 29 cents higher than the national seven-day rolling average rate. In the 13 key Midwest states, which represent 46% of national load volume, the average van rate was unchanged at $1.94 per mile—25 cents above the national average.
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