Spot truckload freight rates remain stable heading into Christmas - 53' Reefer Trailer Rental Experts

Spot truckload freight rates remain stable heading into Christmas 1
Spot truckload freight rates remain stable heading into Christmas 2
Spot truckload freight rates remain stable heading into Christmas 3

The number of load posts on the spot truckload freight market fell 5% while truck posts declined 6% during the week ending December 22, 2018, said DAT Solutions, which operates the DAT network of load boards.

As a result, spot rates were stable and roughly in line with the same period in 2017. National average van and flatbed load-to-truck ratios declined slightly while the reefer ratio increased compared with the previous week, reflecting demand to move fresh produce and temperature-controlled goods ahead of the Christmas holiday.

The national average reefer rate was unchanged at $2.42/mile the week ending December 22. Reefer load posts were up 6% while truck posts dropped 6%, which helped elevate rates on high-volume lanes and push the reefer load-to-truck up 12% to 7.1.

Reefer rates from McAllen TX continue to reflect strong demand. Winter harvest activity helped boost the average outbound rate 15 cents to $2.38/mile; higher-priced lanes included McAllen to Elizabeth NJ, which surged 51 cents to $2.75/mile, and McAllen to Atlanta, up 25 cents to $2.51/mile. Dallas-Houston was the region’s high lane for reefer freight, gaining 8 cents to $2.91/mile versus the previous week.

The national average van load-to-truck ratio edged down from 5.2 to 5.1, while the average spot van rate was a penny lower at $2.07/mile. Van load posts fell 7% compared with the previous week while truck posts dropped 6%.

Overall, the van market reflected stability. Among the top 100 van lanes, the number of losers and gainers was balanced and freight schedules showed no obvious signs of stress from e-commerce demands in 2018.

Regionally, Houston pricing caught up to a recent spike in volumes as the average outbound rate rose 5 cents to $1.84/mile. The average outbound rate from Dallas climbed 2 cents to $1.76/mile, led in part by the Dallas-Houston lane, up 9 cents to an average of $2.48/mile.

Prices were weaker out of Seattle, Philadelphia, and Denver—markets known for low spot van rates. Indeed, Denver-outbound tumbled 4 cents to an average of $1.36/mile the week ending December 22.

DAT Trendlines are generated using DAT RateView, which provides real-time reports on spot market and contract rates, as well as historical rate and capacity trends. The RateView database is comprised of more than $57 billion in freight payments.

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