DAT: After a robust May, truckload volumes slipped in June
The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, retreated from all-time highs for van and refrigerated (“reefer”) loads in May:
-
Van TVI: 266, down
9% month over month -
Reefer TVI: 199, down
11% -
Flatbed TVI: 279, down
7%
Year over year, the van and flatbed TVI dipped
“The month ended strong for dry van freight, with nearly
Spot rates rose for all three equipment types
National average spot truckload rates increased for the third consecutive month in June:
-
Spot van:
per mile, up$2.07 6 cents -
Spot reefer:
a mile, up$2.45 4 cents -
Spot flatbed:
a mile, up$2.53 1 cent
The average van linehaul rate was
National average rates for contracted van and reefer freight ticked higher:
-
Contract van rate:
per mile, up$2.44 1 cent -
Contract reefer rate:
a mile, up$2.81 2 cents -
Contract flatbed rate:
a mile, down$3.14 2 cents
Van and reefer load-to-truck ratios increased
National average van and reefer load-to-truck ratios increased for the fourth straight month in June, reflecting a combination of higher demand and fewer trucks in the marketplace:
- Van ratio: 4.7, up from 4.4 in May, meaning there were 4.7 loads for every van truck on the DAT One marketplace
- Reefer ratio: 7.0, up from 6.3
- Flatbed ratio: 14.6, down from 18.0
Ratios were higher year over year. In June 2023, the average van ratio was 3.5, the reefer ratio was 5.5, and the flatbed ratio was 13.3.
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 January 2015, as recorded in DAT RateView, a truckload pricing database and analysis tool with rates paid on an average of 3 million loads per month.
DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Linehaul 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 Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. DAT is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240717386462/en/
Annabel Reeves
PR@dat.com / annabel.reeves@dat.com; 503-501-0143
Source: DAT Freight & Analytics