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

As was the case a month ago, the Global Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates is calling for annual import cargo volume gains at United States ports, as retailers gear up for the holiday season.

More than nine months after saying it was not for sale, Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide has apparently changed its tune, with the company saying it has entered into a definitive agreement to be acquired by Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share.

September carloads—at 1,417,750—were down 4.9 percent—or 72,597 carloads— annually, and intermodal—at 1,365,980 trailers and containers—was up 1.2 percent—or 16,272 trailers and containers.

Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

The NRF is calling for 2015 holiday sales to see a 3.7 percent annual gain to $630.5 billion, which comfortably outpaces the ten-year average of 2.5 percent.

Article Topics

News · DAT · Spot Market · All topics


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

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA