Capacity Creeping Up, Rates Down
Truck capacity has opened up on the spot market, leading to decreased freight rates, according to DAT Solutions. Rates for flatbed, refrigerated and van loads all decreased in the week ending Jan. 24, 2015.
Flatbed rates fell 1.8 percent to an average $2.21 per mile. DAT attributes the drop, which was the highest of the three load types, to declines in the line haul segment, as well as lower fuel surcharges. Flatbeds still have the highest load to truck ratio at 10:1.
Van rates dropped to an average $1.96 per mile, a 1 percent decrease from the previous week. At 2.2:1, the load to truck ratio for vans is at its lowest level in more than a year.
Reefer rates fell the least with a decline of 0.9% to an average $2.27 per mile. The load to truck ratio for reefers is 6.9:1.