Spot rates ease as post-storm freight normalizes; flatbed demand continues to build
Spot truckload rates cooled during the week of Feb. 8-15 as freight movement normalized after three weeks of weather-driven volatility. Load posts on DAT One declined sharply—particularly for refrigerated freight—as storm-related urgency faded. Broker-to-carrier 7-day average spot rates:
▼ Dry van: $2.43 per mile, down 2 cents week over week
▼ Refrigerated: $2.90 per mile, down 4 cents
▲ Flatbed: $2.60 per mile, up 2 cents
The total number of loads posted to the DAT One marketplace fell 11% to 3.37 million but remained well above last year’s Week 7 levels. Truck posts declined 9% to 207,468, further evidence of generally tight available capacity.
Van: Seasonal cooling resumes
▼ Van loads: 1.46 million, down 13% week over week
▼ Van equipment: 148,403, down 9%
▼ Linehaul rate: $2.06 per mile, down 2 cents
Reefer: Post-storm normalization
▼ Reefer loads: 645,877, down 33% week over week
▼ Reefer equipment: 37,099, down 14%
▼ Linehaul rate: $2.53 per mile, down 4 cents. The national average reefer linehaul rate remains 59 cents higher than the same week last year.
Flatbed: Demand tightens further
▲ Flatbed loads: 1.3 million, up 10% week over week
▼ Flatbed equipment: 21,966, down 5%
▲ Linehaul rate: $2.24 per mile, up 3 cents
Market analysis from Dean Croke, Industry Analyst, DAT Freight & Analytics
Flatbed load posts rose for the fourth consecutive week, building on last week’s 10% gain. Over the past month, load-post volumes have increased steadily and now stand 74% higher year over year, reflecting solid demand for moving construction- and manufacturing-related freight.
At $2.24 per mile, the national average 7-day flatbed linehaul rate was 26 cents higher year over year and 18 cents higher than the same week in 2018, before the freight recession in 2019 and later pandemic-driven volatility.
One area to watch is energy-related flatbed freight and how soft oil prices may temper demand. In the Permian Basin, the number of active drilling rigs is down 22% year over year, according to Baker Hughes, and truckers who specialize in moving heavy machinery, drill pipe, and other equipment are seeing backlogs evaporate.
Environmental Defense Fund (EDF), Natural Resources Defense Council (NRDC), and Sierra Club are helping defend California’s protective clean vehicle standards in court.
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