Subscribe to our free, weekly email newsletter!


Spot market truckload volumes fall sequentially, rise annually, reports DAT

By Jeff Berman, Group News Editor
October 15, 2013

DAT, a subsidiary of Portland, Oregon-based TransCore, recently reported that spot market truckload volume dropped 5.3 percent from August to September, based on its DAT North American Freight Index. Company officials said that this decline is seasonal.

On an annual basis, DAT said that its index was up 22 percent, hitting its highest mark for September since it created the index in 1996.

DAT explained that third quarter volumes usually begin to trend down in July, with mixed volumes in August and September, and it also noted that third quarter volume was ahead of last year’s third quarter by 13 percent. Part of the annual boost, the firm said, was attributed to difficult weather conditions early in 2013, which pushed back agricultural and construction-related volumes into the third quarter.

Industry stakeholders have observed that spot market pricing has been up modestly of late, but many have indicated that both pricing and spot market volumes could see gains depending on economic activity and the impact of the recently introduced motor carrier Hours-of-Service regulations that took effect on July 1.

“We need a few more months to fully gauge the impact of HOS in terms of how it could impact spot market rates,” said a shipper whom declined to be identified. “With carriers having as much difficulty as ever retaining drivers, it would not be too surprising to see rate increase through the rest of October and into November.”

DAT said that load availability from August to September was down 1.6 percent and 4.6 percent for vans and flatbeds, respectively, and up 1.1 percent for refrigerated freight. On the rates side, it said that September flatbed rates rise 0.7 percent, with refrigerated up 1.9 percent and flatbeds falling 8.1 percent.

Compared to September 2012, van freight volume headed up 12 percent, and flatbeds were up 43 percent, with freight designated for reefers up 30 percent, and year-to-date volume is up 1.3 percent through September.

Van rates were up 3.8 percent and reefer rates were up 4.5 percent, with flatbed rates down 8.1 percent.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

Article Topics

News · DAT · Spot Market · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA