DAT Freight Index: September Spot Freight Volume Slips 14%, in Seasonal Trend
October 10 2018 - 2:30PM
Freight resumed a seasonal pattern on the spot market in September,
with a month-over-month decline of 14 percent. Compared to
September 2017, volume dropped 30 percent, influenced by a steep
drop in demand for flatbed equipment, compared to last year’s
hurricane aftermath. Hurricane season has not had a major impact on
freight flows so far this year.
“The decline in load posting volume in the DAT load board
marketplace actually signals a return to stability, as 3PLs and
freight brokers are able to find trucks more quickly,” explained
DAT market analyst Peggy Dorf. “Volume can be expected to increase
in the fourth quarter, although year-over-year increases may be
muted due to the strength of comparable months in 2017.”
Spot market rates edged up for dry van and refrigerated
(“reefer”) equipment, month over month, despite declining volume.
However, rates slipped a few cents lower for flatbed trailers. All
trailer types got a rate increase compared to September 2017
averages.
Despite the decline, rates are higher for all equipment types
than in any previous year since at least 2010, when DAT introduced
the first spot market rates database.
The DAT Freight Index reflects load posting volume on the DAT
network of load boards, and 100 on the Index represents the average
monthly volume in the year 2000. Additional trends and analysis are
available at DAT Trendlines. Referenced rates are the averages by
equipment type, based on $57 billion of actual transactions, as
recorded in DAT RateView. Rates per mile include fuel surcharges,
but not accessorials or other fees.
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 279 million freight matches (2018 estimate) and a
database of $57 billion in annual 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
Contact:
Eileen Hart Vice President, Marketing & Corporate
Communications PR@dat.com | 503-672-5132
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