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DAT: Spot truckload rates extended their positive run in October

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According to DAT Freight & Analytics, truckload freight volumes increased in October as shippers sought capacity ahead of holiday retail season. The DAT Truckload Volume Index (TVI) showed significant gains across all equipment types: van TVI up 9% to 296, reefer TVI up 7% to 220, and flatbed TVI up 12% to 314. National average spot truckload rates also increased, with van rates rising 3 cents to $2.02/mile, reefer rates up 2 cents to $2.39, and flatbed rates gaining 4 cents to $2.42. Load-to-truck ratios improved, indicating stronger demand, while contract rates held steady but remained lower year-over-year.

Secondo DAT Freight & Analytics, i volumi di merci a carico completo sono aumentati a ottobre poiché gli spedizionieri cercavano capacità in vista della stagione natalizia. L'Indice del Volume dei Carichi Completi DAT (TVI) ha mostrato guadagni significativi in tutte le tipologie di attrezzature: il TVI per i furgoni è aumentato del 9% a 296, il TVI per i camion refrigerati è aumentato del 7% a 220 e il TVI per i pianali è salito del 12% a 314. Anche le tariffe medie nazionali per i carichi completi a spot sono aumentate, con le tariffe per i furgoni che sono cresciute di 3 centesimi a $2.02/miglia, le tariffe per i refrigerated che sono aumentate di 2 centesimi a $2.39 e le tariffe per i pianali che hanno guadagnato 4 centesimi a $2.42. I rapporti carico-camion sono migliorati, indicando una domanda più forte, mentre le tariffe contrattuali sono rimaste stabili ma sono inferiori rispetto all'anno precedente.

Según DAT Freight & Analytics, los volúmenes de carga de camiones aumentaron en octubre a medida que los expedidores buscaban capacidad antes de la temporada minorista navideña. El Índice de Volumen de Carga Completa DAT (TVI) mostró ganancias significativas en todos los tipos de equipo: el TVI de furgones subió un 9% a 296, el TVI de refrigerados aumentó un 7% a 220 y el TVI de plataformas subió un 12% a 314. Las tarifas promedio nacionales spot para cargas completas también aumentaron, con las tarifas de furgones subiendo 3 centavos a $2.02/milla, las tarifas de refrigerados aumentando 2 centavos a $2.39 y las tarifas de plataformas ganando 4 centavos a $2.42. Las relaciones carga-camión mejoraron, lo que indica una demanda más fuerte, mientras que las tarifas contractuales se mantuvieron estables pero continuaron siendo más bajas en comparación con el año anterior.

DAT Freight & Analytics에 따르면, 10월에 화물용 트럭 화물량이 증가했으며, 운송업체들이 휴가 소매 시즌을 앞두고 운송 능력을 찾고 있습니다. DAT 트럭 화물량 지수(TVI)는 모든 장비 유형에서 상당한 증가를 보였습니다: 밴 TVI는 9% 증가하여 296, 리퍼 TVI는 7% 증가하여 220, 플랫베드 TVI는 12% 증가하여 314에 도달했습니다. 전국 평균 스팟 화물 운임도 상승했으며, 밴 운임은 3센트 상승하여 $2.02/마일, 리퍼 운임은 2센트 상승하여 $2.39, 플랫베드 운임은 4센트 상승하여 $2.42로 증가했습니다. 화물 대 트럭 비율이 개선되어 수요가 강해짐을 나타냈고, 계약 운임은 보합세를 유지했지만 전년 대비 여전히 낮은 수준입니다.

Selon DAT Freight & Analytics, les volumes de fret par camion ont augmenté en octobre alors que les expéditeurs recherchaient des capacités avant la saison de vente au détail des fêtes. L'Indice de Volume des Chargements Complets DAT (TVI) a montré des gains significatifs dans tous les types d'équipement : le TVI des fourgons a augmenté de 9 % à 296, le TVI des réfrigérés a augmenté de 7 % à 220 et le TVI des plateaux a augmenté de 12 % à 314. Les tarifs moyens nationaux spot pour les chargements complets ont également augmenté, avec des tarifs de fourgons en hausse de 3 cents à 2,02 $/mile, des tarifs de réfrigérés en hausse de 2 cents à 2,39 $ et des tarifs de plateaux en hausse de 4 cents à 2,42 $. Les ratios chargement-camion se sont améliorés, indiquant une demande plus forte, tandis que les tarifs contractuels sont restés stables mais demeurent inférieurs à ceux de l'année précédente.

Laut DAT Freight & Analytics sind die Frachtraten für Lkw-Ladungen im Oktober gestiegen, da die Versender Kapazitäten vor der Feiertagssaison suchten. Der DAT Lastwagenverkehrsindex (TVI) zeigte signifikante Zuwächse in allen Ausrüstungskategorien: Der Van TVI stieg um 9% auf 296, der Kühlwagen TVI um 7% auf 220 und der Flachbett TVI um 12% auf 314. Auch die nationalen Durchschnittspreise für Spot-Lkw-Fracht sind gestiegen, die Van-Preise um 3 Cent auf $2,02/mile, die Kühlwagen-Preise um 2 Cent auf $2,39 und die Flachbettpreise um 4 Cent auf $2,42. Das Verhältnis von Lasten zu Lkw hat sich verbessert, was auf eine höhere Nachfrage hinweist, während die Vertragspreise stabil blieben, aber im Vergleich zum Vorjahr niedriger ausfielen.

Positive
  • Truckload Volume Index increased across all equipment types (van +9%, reefer +7%, flatbed +12%)
  • Spot truckload rates showed year-over-year gains for five consecutive months
  • Load-to-truck ratios improved, indicating stronger demand
  • Linehaul rates have been year-over-year positive since August for all equipment types
Negative
  • Contract rates remained lower year-over-year (van -$0.10, reefer -$0.22, flatbed -$0.10 per mile)

Insights

The October freight data reveals a significant market shift, with spot rates and volumes showing consistent year-over-year improvements across all equipment types. The 9% increase in van TVI, coupled with the 12% year-over-year growth, signals strengthening market conditions. The stabilization of contract rates, particularly the 0% New Rate Differential (NRD), marks a pivotal moment after a 30-month downcycle.

Key indicators point to market recovery: load-to-truck ratios increased significantly (van ratio up to 4.1 from 3.5), spot rates continued their upward trajectory and linehaul rates showed positive year-over-year growth for three consecutive months. This data suggests we're entering a more balanced market phase, with potential rate increases ahead as holiday demand and tariff concerns drive shipping activity.

BEAVERTON, Ore.--(BUSINESS WIRE)-- Truckload freight volumes continued to build in October as shippers looked for capacity to get ahead of the holiday retail season and potentially higher tariffs next year, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.

A measure of van, refrigerated (“reefer”), and flatbed loads moved in a month, the DAT Truckload Volume Index (TVI) made solid gains compared to September:

  • Van TVI: 296, up 9%
  • Reefer TVI: 220, up 7%
  • Flatbed TVI: 314, up 12%

Year over year, the TVI was higher for all three equipment types: the van TVI was up 12%, the reefer TVI jumped 13%, and the flatbed TVI increased 14%.

Spot rates continue to run YoY positive

National average spot truckload rates inched higher compared to September. The van rate increased 3 cents to $2.02 a mile, the reefer rate edged 2 cents higher to $2.39, and the flatbed rate gained 4 cents to $2.42.

“October continued the pattern of year-over-year gains in spot truckload rates and volumes, and approaching parity for contract rates,” said Ken Adamo, DAT Chief of Analytics. “Five months into it, the contours of this freight cycle look conventional, like the 2013-2017 cycle, when monthly spot van rates averaged +5% year over year.”

Monthly average linehaul rates, which subtract an amount equal to an average fuel surcharge, have been year-over-year positive for all three equipment types since August. The van linehaul rate averaged $1.63 a mile, up 8 cents compared to October 2023. The reefer rate was $1.97, 11 cents higher, while the flatbed rate was $1.95, a 10-cent increase year over year.

Load-to-truck ratios reflect higher demand

The national average van load-to-truck ratio was 4.1, up from 3.5 in September, while the reefer ratio rose to 5.8 from 5.0. The flatbed ratio was 14.3, up from 12.8. Load-to-truck ratios reflect truckload supply and demand on the DAT One marketplace and indicate the pricing environment for spot truckload freight.

Contract pricing enters a new cycle

National average rates for freight moving under long-term contracts held firm last month but continued to track lower versus last year:

  • Contract van rate: $2.41 per mile, up 2 cents but down 10 cents year over year
  • Contract reefer rate: $2.74 a mile, up 1 cent but 22 lower year over year
  • Contract flatbed rate: $3.04 a mile, unchanged compared to September and 10 cents lower than last year

Dry van contract pricing is leaving the soft portion of the truckload business cycle after 30 months. The DAT iQ New Rate Differential (NRD), which measures changes in the contract market by comparing rates entering the market to those exiting, was 0% in October. A positive NRD signals a tightening market, while a negative NRD suggests the market is softening. “A van NRD at 0% is a signal that shippers and brokers can expect minimal rate reductions in responses to RFPs,” Adamo said.

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 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 $126 billion in annual freight matches and a database of $1 trillion in 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, Oregon.

DAT Contact

Georgia Jablon

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

Source: DAT Freight & Analytics

FAQ

What were DAT's truckload spot rates in October 2023?

In October 2023, national average spot rates were $2.02/mile for van, $2.39/mile for reefer, and $2.42/mile for flatbed loads.

How did the DAT Truckload Volume Index (TVI) perform in October 2023?

The TVI showed significant increases in October: van TVI rose 9% to 296, reefer TVI increased 7% to 220, and flatbed TVI grew 12% to 314.

What were the load-to-truck ratios for October 2023?

The national average load-to-truck ratios in October were 4.1 for van (up from 3.5), 5.8 for reefer (up from 5.0), and 14.3 for flatbed (up from 12.8).

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