DAT: Truckload spot rates gained in May on robust van and reefer volumes
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![DAT: Truckload spot rates gained in May on robust van and reefer volumes (Graphic: DAT Freight & Analytics)](https://mms.businesswire.com/media/20240618135924/en/2163530/4/MKT-0109_TVI_Monthly_Chart_VAN_May_2024.jpg)
DAT: Truckload spot rates gained in May on robust van and reefer volumes (Graphic: DAT Freight & Analytics)
The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, hit all-time highs for van and refrigerated (“reefer”) loads:
- Van TVI: 289, up 4% from April
- Reefer TVI: 224, a 4% increase month over month
- Flatbed TVI: 301, down 2% from April
The van and reefer TVI numbers climbed 13% and 25% higher, respectively, compared to
“Stronger van and reefer volumes are consistent with May, when shippers move seasonal produce and retail goods and truckload capacity tightens due to the Roadcheck inspection event and
Spot rates reflected higher demand
Spot prices responded last month, with national average van and reefer line-haul rates within 2% of where they were in
-
Spot van:
$2.01 per mile, up2 cents -
Spot reefer:
$2.41 a mile, up9 cents -
Spot flatbed:
$2.52 a mile, unchanged
Line-haul rates, which subtract an amount equal to an average fuel surcharge, increased for all three equipment types. The average van line-haul rate was
National average rates for contracted van and reefer freight declined compared to April:
-
Contract van rate:
$2.43 per mile, down2 cents -
Contract reefer rate:
$2.79 a mile, down3 cents -
Contract flatbed rate:
$3.16 a mile, up1 cent
Load-to-truck ratios edged higher
National average van and reefer load-to-truck ratios rose in May:
- Van ratio: 4.4, up from 1.9 in April, meaning there were 4.4 loads for every van truck on the DAT One marketplace
- Reefer ratio: 6.3, up from 4.8
- Flatbed ratio: 18.0, down from 18.5
Load-to-truck ratios reflect truckload supply and demand on the DAT One marketplace and indicate the pricing environment for spot truckload freight.
About the DAT Truckload Volume Index
The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month. A baseline of 100 equals the number of loads moved in
DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Line-haul rates subtract an amount equal to an average fuel surcharge.
About DAT Freight & Analytics
DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service in
Founded in 1978, DAT is a business unit of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240618135924/en/
Corporate Communications, DAT Freight & Analytics
PR@dat.com / annabel.reeves@dat.com; 503-501-0143
Source: DAT Freight & Analytics