Spot market poised for stronger Q4

We usually see a boost in freight volumes in the last week of the quarter, and last week was no different. Van freight volumes were up more than 7%, providing positive momentum going into the fourth quarter. 

Houston had a big comeback, with volumes up more than 20%, after enduring severe flooding following Tropical Storm Imelda the previous week. 

Rates, on the other hand, didn't reflect the increase in volumes. The national average rate increased 1¢, but that was mainly due to an increase in the fuel surcharge. Diesel prices have moved up following the attack on Saudi oil fields two weeks ago. Linehaul rates (excluding fuel) were down in 61 of the top 100 lanes last week. 

Looking for van loads? DAT load boards are the largest and most trusted digital marketplace for truckload freight.


Hot Market Maps show the number of available trucks vs. available loads and are available in the DAT Power load board and DAT RateView.

Rising markets and lanes

In addition to Houston, a few other markets with had strong volume increases. There was more freight coming out of Charlotte, which is shaking off the impacts of Hurricane Dorian, as well as Stockton, CA,where they're harvesting tree nuts and fall produce. West Coast markets led the way with rate increases last week.

  • Portland, OR to Stockton, CA increased 9¢ to $1.51/mi
  • Seattle to Los Angeles gained 8¢ to $1.31
  • Further east, Chicago to Buffalo added 7¢ to $2.62
  • Atlanta to Philadelphia moved up 6¢ to $2.05   

Falling markets and lanes

The Northeast had been seeing slightly positive rates in recent weeks, but an influx of inbound freight caused rates out of Philadelphia to slip, moving back to pre-Hurricane Dorian levels. Prices from Denver also moved lower.  

  • Charlotte to Buffalo dropped 20¢ to $2.08/mi.
  • Philadelphia to Charlotte fell 12¢ to $2.08/mi.
  • Philadelphia to Buffalo was down 11¢ to $2.08/mi.
  • Denver to Albuquerque, NM slipped 10¢ to $1.87 

 

RELATED: Reefer volumes rise, but not enough to boost rates


930,000 Loads
Posted Daily


Mark Montague

As a mathematician and statistician, Mark Montague has spent decades developing and implementing consistent, market-driven rate structures for transportation companies. Mark was instrumental in developing the dynamic, spot market rates database and analysis tools in DAT RateView (formerly Truckload Rate Index.). Prior to joining DAT in 2009, Mark applied his expertise in logistics, rates and routing as a logistics manager and analyst for carriers, 3PLs and shippers. Mark holds an MBA in Transportation Management from Indiana University’s Kelley School of Business.



Comments

About DAT

DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 256 million freight matches and a database of 65 billion of market transactions.

The Original Load Board - Trusted Since 1978

The company was established in 1978 as the Dial-A-Truck (DAT) load finder service at Jubitz® truck stop in Portland, OR.

TIA
OOIDA
CSCMP
MATS