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DAT: November truckload volumes lagged robust October

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DAT Freight & Analytics reports that November 2023 spot truckload freight volumes fell to their lowest level since January. The DAT Truckload Volume Index (TVI) showed declines across all equipment categories compared to October: Van TVI down 18%, Refrigerated TVI down 11%, and Flatbed TVI down 23%. Only reefer freight showed year-over-year growth at 7%.

The national average spot rate for reefer freight increased 6 cents to $2.45 per mile, while van rates remained steady at $2.02 and flatbed rates decreased 5 cents to $2.37. Contract rates showed minimal changes, with slight decreases in van and flatbed categories. The DAT iQ New Rate Differential (NRD) for van freight remained positive for the third consecutive month, indicating potential market tightening and higher rates for shippers in early 2025.

DAT Freight & Analytics riporta che i volumi di carico spot delle camionate a novembre 2023 sono scesi al loro livello più basso da gennaio. L'Indice del Volume delle Camionate (TVI) di DAT ha mostrato un calo in tutte le categorie di attrezzature rispetto a ottobre: il TVI dei furgoni è sceso del 18%, il TVI refrigerato del 11% e il TVI dei pianali del 23%. Solo il carico refrigerato ha mostrato una crescita su base annua del 7%.

Il tasso medio nazionale per i carichi refrigerati è aumentato di 6 centesimi, arrivando a $2.45 per miglio, mentre i tassi dei furgoni sono rimasti stabili a $2.02 e i tassi dei pianali sono diminuiti di 5 centesimi, arrivando a $2.37. I tassi contrattuali hanno mostrato variazioni minime, con lievi cali nelle categorie dei furgoni e dei pianali. Il DAT iQ New Rate Differential (NRD) per i carichi di furgoni è rimasto positivo per il terzo mese consecutivo, indicando un potenziale restringimento del mercato e tassi più elevati per gli spedizionieri all'inizio del 2025.

DAT Freight & Analytics informa que los volúmenes de carga de camiones spot en noviembre de 2023 cayeron a su nivel más bajo desde enero. El Índice de Volumen de Camiones (TVI) de DAT mostró caídas en todas las categorías de equipos en comparación con octubre: el TVI de furgones cayó un 18%, el TVI de refrigerados un 11% y el TVI de plataformas un 23%. Solo la carga refrigerada mostró un crecimiento interanual del 7%.

La tarifa promedio nacional spot para carga refrigerada aumentó 6 centavos, alcanzando $2.45 por milla, mientras que las tarifas de los furgones se mantuvieron estables en $2.02 y las tarifas de las plataformas disminuyeron 5 centavos, llegando a $2.37. Las tarifas de contrato mostraron cambios mínimos, con ligeras disminuciones en las categorías de furgones y plataformas. El DAT iQ New Rate Differential (NRD) para carga de furgones se mantuvo positivo por tercer mes consecutivo, indicando un posible ajuste en el mercado y tarifas más altas para los remitentes a principios de 2025.

DAT 화물 및 분석은 2023년 11월 스팟 트럭 화물량이 1월 이후 가장 낮은 수준으로 떨어졌다고 보고했습니다. DAT 트럭 화물량 지수(TVI)는 10월에 비해 모든 장비 카테고리에서 감소를 보였습니다: 밴 TVI는 18% 감소, 냉장 TVI는 11% 감소, 평판 TVI는 23% 감소했습니다. 단, 냉장 화물만 7%의 연간 성장률을 기록했습니다.

냉장 화물의 전국 평균 스팟 요금은 6센트 상승하여 $2.45 마일당에 이르렀고, 밴 요금은 $2.02로 안정세를 유지했으며, 평판 요금은 5센트 하락하여 $2.37이 되었습니다. 계약 요금은 최소한의 변화만 보였으며, 밴과 평판 카테고리에서 약간의 하락이 있었습니다. DAT iQ 신규 요금 차별성(NRD)은 밴 화물에 대해 세 번째 연속적 긍정적인 수치를 유지하며, 2025년 초에는 시장이 타이트해지고 배송업체의 요금이 상승할 가능성을 나타냅니다.

DAT Freight & Analytics rapporte que les volumes de fret spot de camions en novembre 2023 ont chuté à leur niveau le plus bas depuis janvier. L'Indice de Volume de Camions de DAT (TVI) a montré des déclins dans toutes les catégories d'équipement par rapport à octobre : le TVI des fourgons a baissé de 18 %, le TVI réfrigéré de 11 % et le TVI des plateaux de 23 %. Seul le fret réfrigéré a affiché une croissance d'une année sur l'autre de 7 %.

Le tarif national moyen spot pour le fret réfrigéré a augmenté de 6 cents pour atteindre $2.45 par mile, tandis que les tarifs des fourgons sont restés stables à $2.02 et ceux des plateaux ont diminué de 5 cents pour atteindre $2.37. Les tarifs contractuels ont montré des variations minimes, avec de légères baisses dans les catégories des fourgons et des plateaux. Le DAT iQ New Rate Differential (NRD) pour le fret de fourgons est resté positif pour le troisième mois consécutif, indiquant un possible resserrement du marché et des tarifs plus élevés pour les expéditeurs début 2025.

DAT Freight & Analytics berichtet, dass die Spot-Truck-Frachtvolumina im November 2023 auf den niedrigsten Stand seit Januar gefallen sind. Der DAT Lkw-Volumenindex (TVI) zeigte im Vergleich zu Oktober Rückgänge in allen Ausrüstungsarten: Van-TVIs fielen um 18 %, Kühl-TVI um 11 % und Flachbett-TVI um 23 %. Nur die Kühlfracht zeigte ein jährliches Wachstum von 7 %.

Der nationale Durchschnittspreis für Kühlfracht stieg um 6 Cent auf $2.45 pro Meile, während die Van-Raten mit $2.02 stabil blieben und die Flachbett-Raten um 5 Cent auf $2.37 fielen. Die Vertragsraten zeigten minimale Veränderungen, mit leichten Rückgängen in den Van- und Flachbettkategorien. Der DAT iQ New Rate Differential (NRD) für Van-Fracht blieb im dritten Monat in Folge positiv, was auf eine mögliche Marktverengung und höhere Raten für Versender zu Beginn des Jahres 2025 hinweist.

Positive
  • Reefer freight TVI increased 7% year-over-year
  • Reefer spot rates increased by 6 cents to $2.45/mile
  • Positive NRD for third consecutive month indicates market tightening
  • Linehaul rates are approximately 5% higher year-over-year
Negative
  • Overall truckload volumes hit lowest point since January
  • Van TVI decreased 18% month-over-month
  • Flatbed TVI fell 23% month-over-month
  • Contract rates down 11-18 cents year-over-year across categories

Insights

The decline in truckload volumes and mixed rate environment reveals significant shifts in freight market dynamics. The 18% drop in van TVI and 23% decline in flatbed TVI indicate substantial slowdown in general freight movement. However, the reefer segment's 7% year-over-year growth and $2.45 per mile rate (highest since January) demonstrates resilience in temperature-controlled transportation. The positive New Rate Differential (NRD) for three consecutive months signals a potential market inflection point, suggesting pricing power may be shifting towards carriers. Early inventory positioning by shippers to mitigate tariff and labor risks has disrupted typical seasonal patterns, creating an unusual demand environment that could impact Q1 2025 freight dynamics.

The data presents a complex picture of supply chain recalibration. The divergence between spot and contract rates, particularly in the reefer segment, indicates structural changes in shipping strategies. Contract rates showing stability ($2.40 for van, $2.74 for reefer) despite spot market volatility suggests shippers are prioritizing reliability over cost optimization. The positive NRD trend represents a key inflection point in the freight cycle, potentially ending the prolonged period of rate depression since Spring 2022. Early inventory buildup reflects broader supply chain risk management strategies, though this could lead to inventory carrying cost challenges for shippers in early 2025.

BEAVERTON, Ore.--(BUSINESS WIRE)-- After gaining momentum throughout the year, last month spot truckload freight volumes retreated to their lowest point since January, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.

DAT: November truckload volumes lagged robust October (Photo: DAT Freight & Analytics)

DAT: November truckload volumes lagged robust October (Photo: DAT Freight & Analytics)

The DAT Truckload Volume Index (TVI) declined for all three equipment categories compared to October:

  • Van TVI: 246, down 18%
  • Refrigerated TVI: 204, down 11%
  • Flatbed TVI: 242, down 23%

The TVI was higher year over year only for reefer freight, up 7% compared to November 2023. The van and flatbed TVI were down 1% and 5%, respectively.

“Shippers moved so much freight into the U.S. earlier this year, ahead of potential tariffs and port strikes, that we didn’t see the volumes we might expect in November,” said Ken Adamo, DAT Chief of Analytics. “The exception was reefer freight. The late Thanksgiving gave grocers a few extra shipping days for fresh and frozen goods.”

Spot reefer rate strengthened ahead of the holiday

The national average spot rate for reefer freight increased 6 cents to $2.45 a mile, the most since January. The van rate was unchanged at $2.02 and the flatbed rate fell 5 cents to $2.37.

The van linehaul rate averaged $1.64 a mile, up 1 cent compared to October. The reefer rate was $2.04, up 7 cents, and the flatbed rate slipped 3 cents to $1.93. Rates are about 5% higher year over year.

Contract rates dipped but show signs of strength

National average contract rates were changed little last month:

  • Contract van rate: $2.40 per mile, down 1 cents but 11 cents lower year over year
  • Contract reefer rate: $2.74 a mile, unchanged and down 18 cents year over year
  • Contract flatbed rate: $3.03 a mile, down 1 cent and 11 cents lower than last year

At 0.3%, the DAT iQ New Rate Differential (NRD) for van freight was above zero for the third month in a row for the first time since Spring 2022. The NRD measures changes in the contract market by comparing rates entering the market to those exiting; a positive NRD signals a tightening market and higher rates for shippers.

“The NRD suggests that truckload pricing for contract freight is moving higher,” Adamo said. “We don’t expect bold changes quickly, but all indications point to steady rate growth into the first half of 2025.”

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 monthly loads.

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 North America. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on more than 400 million annual freight matches, and a database of $150 billion in annual freight market transactions.

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 Beaverton, Ore. Visit dat.com for more information.

DAT Contact

Georgia Jablon

PR@dat.com / georgia.jablon@dat.com

Source: DAT Freight & Analytics

FAQ

How much did the DAT Truckload Volume Index decline in November 2023?

The DAT TVI declined across all categories in November: Van TVI fell 18%, Refrigerated TVI dropped 11%, and Flatbed TVI decreased 23% compared to October.

What were the spot rates for different freight categories in November 2023?

In November, reefer freight rates increased to $2.45/mile, van rates remained at $2.02/mile, and flatbed rates decreased to $2.37/mile.

How did contract rates perform in November 2023?

Contract rates showed slight declines: van rates fell 1 cent to $2.40/mile, reefer rates remained at $2.74/mile, and flatbed rates decreased 1 cent to $3.03/mile.

What does the positive DAT iQ New Rate Differential (NRD) indicate for future freight rates?

The positive NRD for three consecutive months suggests tightening market conditions and indicates steady rate growth into the first half of 2025.

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