Spot loads and trucks head down over holiday week, reports DAT
In the week including the July 4 holiday, spot load and trucks saw declines on the DAT One load board marketplace, according to data provided to LM by DAT Freight & Analytics.
DAT said that the number of loads on the DAT One load board marketplace were down 48%, to 1.26 million, for the week of June 30-July 6, and the number of trucks posted decreased 21%, to 262,943. The company noted that this week includes the July 4 holiday, adding that many businesses utilized as a four-day weekend, with the holiday suppressing volumes compared to the week of June 23-29, which it stated is “one of the busiest on the freight calendar, with 2.4 million loads posted,” and sees a lot of grocery and retail demand, in advance of the end of the second quarter.
The weekly breakdown for van loads, van equipment, load-to-truck ration and linehaul rates for Dry Vans, Reefers (refrigerated), and flatbeds provided by DAT is below.
- Dry Vans: Van loads: 618,011, down 49.9% week over week; Van equipment: 172,876 down 21.9%; Load-to-truck ratio: 3.6, up from 5.7; and Linehaul rate: $1.70 net fuel, flat week over week;
- Reefers: Reefer loads: 317,301 down 42.6% week over week; Reefer equipment: 54,335 down 15.5%; Load-to-truck ratio: 5.8, down from 8.7; and Linehaul rate: $2.04 net fuel, up 1 cent; and
- Flatbeds: Flatbed loads: 326,464 down 49.2% week over week; Flatbed equipment: 35,732, down 25.9%; Load-to-truck ratio: 9.1, down from 13.7; and Linehaul rate: $2.05 net fuel, down 3 cents
“Hurricane Beryl made landfall near Matagorda, Texas, about 85 miles south-southwest of Houston, packing maximum sustained winds of 80 mph,” said DAT Principal Analyst Dean Croke. “Truckload capacity tightened in Gulf Coast markets, especially for van and flatbed freight. Import volumes at the Ports of Los Angeles and Long Beach are expected to increase 45% year-over-year in the second week of July as shippers pull forward holiday season inventory ahead of possible East Coast labor action by the International Longshoreman Association (ILA). Key outbound lanes include Stockton and Phoenix, where loads moved are already up 45% and 28% month-over-month (m/m), respectively. On the same lanes, spot rates are up 3.5% and 4.5% m/m, respectively.”
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