DAT Freight Index: July Freight Volume Remains Unusually Strong
August 10 2017 - 12:35PM
Spot market truckload freight volume declined seasonally last month
but reflected unusual strength for July, according to the DAT North
American Freight Index.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/62c70c13-aaa0-4fe0-a727-93b2003d544b
Load availability in July was 53 percent higher compared to July
2016, although it declined 19 percent compared to June, when
truckload freight availability was at a two-year high. While
freight activity typically falls during July, many lanes set
all-time records for loads moved during the month’s final week.
“It's uncommon to see a high volume of truckload freight at this
point in the summer,” said Mark Montague, DAT industry pricing
analyst. He said van freight volume was particularly strong on
lanes that connect markets in the Southeast and Midwest to large
population centers in the Northeast. Those lanes are associated
with retail freight, indicating consumer confidence.
Compared to June, van freight activity fell 22 percent while
refrigerated (“reefer”) and flatbed freight volume were each 16
percent lower. The national average van rate lost a penny to $1.79
per mile and the reefer rate dipped 4 cents to $2.08 per mile, but
rates in both segments were near two-year highs.
The flatbed rate was up 3 cents to $2.20 per mile, the highest
monthly average since March 2015.
Established in 1978, DAT operates the largest on-demand freight
exchange, a network of load boards serving intermediaries and
carriers across North America. For more than a decade DAT has
published its Freight Index, which is representative of the dynamic
spot market.
Reference rates are the averages, by equipment type, based on
$33 billion of actual transactions between freight brokers and
carriers, as recorded in DAT RateView. Reference rates per mile
include fuel surcharges, but not accessorials or other fees.
Beginning in January 2015, the DAT Freight Index was rebased so
that 100 on the Index represents the average monthly volume in the
year 2000. Additional trends and analysis are available at DAT
Trendlines.
About DAT Solutions
DAT operates the largest truckload freight marketplace in North
America. Transportation brokers, carriers, news organizations, and
industry analysts rely on DAT for market trends and data insights
derived from 141 million forecasted freight matches in 2017, and a
database of $33 billion of market transactions. Related services
include a comprehensive directory of companies with business
history, credit, safety, insurance, and company reviews; broker
transportation management software; authority, fuel tax, mileage,
vehicle licensing, and registration services; and carrier
onboarding. Founded in 1978, DAT Solutions LLC is a wholly owned
subsidiary of Roper Technologies (NYSE:ROP), a diversified
technology company and constituent of the S&P 500, Fortune
1000, and Russell 1000 indices. DAT.com
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