Spot truckload rates surge to start New Year

Amid extreme weather and tight capacity, national average spot truckload rates saw double-digit increases during the week ending Jan. 6, according to DAT Solutions, which operates the DAT network of load boards.

The number of available loads increased 27%, in line with expectations when a full workweek follows a holiday-shortened one. However, the number of trucks posted to DAT load boards was up just 7.4% and the imbalance pushed load-to-truck ratios up for all three equipment types:
•Van load-to-truck ratio: 14.7, the highest van ratio ever recorded in DAT Trendlines
•Flatbed ratio: 63.5, up 22%
•Reefer ratio: 25.2, up 6%

In the van market, load posts jumped 26% but truck posts were up only 6%, as many truckers were still taking time off. The national average van rate was $2.30/mile, up 19 cents compared to the previous week.

Houston ($2.02/mile, up 11 cents) was the top market for outbound van volume and most of the top 100 van lanes saw higher rates. A sampling:
•Chicago, $3.02/mile, up 10 cents
•Columbus, Ohio, $2.87/mile, up 9 cents
•Buffalo, N.Y., $2.87/mile, up 5 cents
•Philadelphia, $2.35/mile, up 5 cents
•Memphis, $2.58/mile, up 10 cents
more detail at:  http://www.fleetowner.com/economics/spot-truckload-rates-surge-start-new-year

Related Posts

Kohl’s Corporation Reports Third Quarter Financial Results

Kevin Mansell, Kohl's chairman, chief executive officer and president, said, "We are pleased to report an increase in comp sales for the quarter as the traffic momentum we saw in the first half of the year continued. We saw strong results during the back-to-school season, achieving a low single-digit positive comp. The middle of the quarter was soft as we experienced disruptions from the hurricanes and other unseasonal weather. The quarter closed with strong sales in the second half of October." Kohl’s ended the quarter with 1,156 Kohl's stores in 49 states compared with 1,155 Kohl's stores at the same time last year. Kohl's also operates 12 FILA Outlets and four Off/Aisle clearance centers. The Company now expects fiscal 2017 diluted earnings per share of $3.72 to $3.92, which includes the impact of a fourth quarter tax settlement. Click Read More below for additional information.

Gap Inc. Reports Second Quarter Fiscal 2023 Results

*Net sales of $3.55 billion, down 8% compared to last year, inclusive of an estimated 1-point foreign exchange headwind and 2 percentage points of negative impact from the sale of Gap China. - Comparable sales were down 6%. *Gross margin of 37.6% increased 310 basis points versus last year's reported gross margin and increased 160 basis points versus last year's adjusted gross margin which excluded $58 million in inventory impairment charges. *Reported operating income was $106 million; reported operating margin of 3.0%. *The effective tax rate was negative 8.3%. During the quarter, the company recorded a tax benefit as a result of a transfer pricing settlement related to its sourcing activities. *Reported net income of $117 million; reported diluted earnings per share of $0.32.

USPS Begins Fiscal First Quarter with Improved First-Class Mail Service

The U.S. Postal Service reported service delivery performance scores for the first week of the fiscal first quarter started in October that showed continued gains across all First-Class, Marketing and Periodical mail categories. For the period Oct. 1 through Oct. 8, first-quarter-to-date service performance included: *First-Class Mail: Delivered 91.0 percent of First-Class Mail on time against the USPS service standard, an improvement of 3 percentage points from the fourth quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of .3 percentage points from the third quarter. *Periodicals: Delivered 84.4 percent of Periodicals on time against the USPS service standard, an improvement of 2.3 percentage points from the third quarter.
Back To Top
×Close search
Search