Truckload freight availability in July 2014 remained elevated compared with previous years despite a seasonal dip, according to the DAT North American Freight Index, a measure of truckload freight demand and capacity in the United States and Canada.
Same-month volume was up 32% versus 2013, when freight volume was unusually robust. Spot market volume typically peaks in June; this year’s seasonal contraction was 11% in July in contrast to the 10-year average decline of 19%.
Compared with July 2013, freight volume increased 28% for reefers, 40% for vans, and 52% for flatbeds. The increased demand together with capacity constraints caused spot market truckload rates to rise year-over-year for all major equipment types: van rates climbed 15%, reefer rates were up 6.3%, and flatbed rates rose 15% versus July 2013.
Month-over-month freight volume declined 15% for posted van loads, 10% for reefer loads, and 11% for flatbed loads. National average spot truckload rates also declined slightly, with the van rate losing 1.3% and the reefer rate dropping 3.6% from the June peak. The flatbed rate was up 0.5% as a national average in July, compared with June.
Reference rates are derived from DAT RateView. Rates are cited for linehaul only, excluding fuel surcharges, which declined on a month-over-month basis but increased compared with July 2013. 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.
Portland OR-based DAT Solutions provides actionable information to transportation professionals in North America. It operates a network of load boards and is a source of supply and demand trends, rate benchmarking, and capacity planning information.
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