In Seasonal Pattern, Spot Freight Drops 15% in November: DAT Freight Index
PORTLAND, Ore., Dec. 10, 2015 /PRNewswire/ -- Following an established seasonal pattern, spot market freight volume declined 15 percent in November, month over month, largely due to a drop in demand for flatbed trucks. Freight volume has declined in November in every year except 2012 according to the DAT North American Freight Index, which has recorded monthly spot market freight levels since 1997.
By equipment type, van freight availability declined a modest 2.9 percent, while flatbed trailers lost 39 percent, but refrigerated ("reefer") volume increased 9.1 percent, compared to October. Spot market rates edged up 0.7 percent for vans and 0.6 percent for reefers, month over month. Flatbed rates declined 4.0 percent, however, due to seasonal pressure.
Overall freight availability slid 45 percent compared to record demand of November 2014. Although November volume was lower than same-month levels of the past five years, strong volume from the first half of this year boosted volume for the year to-date. That total was higher than the comparable period in any year prior to 2013.
By equipment type, van demand was down 43 percent, flatbed volume fell 53 percent, and reefer freight availability lost 41 percent, compared to November 2014. Line haul rates declined 8.6 percent for vans, 7.2 percent for flatbeds, and 11 percent for reefers, year over year. Total rates paid to the carrier declined by 17 percent, however, due to a 49 percent decline in the fuel surcharge, which comprises a portion of the rate.
Intermediaries and carriers across North America listed more than 120 million loads and trucks last year on the DAT Network of load boards. As a result of this high volume, the DAT Freight Index is representative of the ups and downs in North American spot market freight movement.
Reference rates are the averages, by equipment type, of thousands of actual rate agreements between freight brokers and carriers, as recorded in DAT RateView. Rates are cited for line haul only, excluding fuel surcharges, except where noted. The monthly DAT North American Freight Index reflects spot market freight availability on the DAT Network of load boards in the United States and Canada. Beginning in January 2015, the DAT Index was rebased so that 100 on the Index represents the average monthly volume in the year 2000. Additional trends and analysis are available at DAT Trendlines.
About DAT Solutions
Based in Portland, Oregon, DAT Solutions provides actionable information to transportation professionals in North America. It operates the industry's largest network of load boards and is a trusted source of supply and demand trends, rate benchmarking, and capacity planning information. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; fuel tax, mileage, vehicle licensing, and registration services; mobile resource management; and carrier onboarding.
Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies, a diversified technology company and constituent of the S&P 500, Fortune 1000 and Russell 1000 indices. www.dat.com
Photo - http://photos.prnewswire.com/prnh/20151210/294937
Logo - http://photos.prnewswire.com/prnh/20140227/CL73279LOGO
SOURCE DAT Solutions
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article