According to DAT, even though the overall freight loads are decreasing, flatbed rates are steadily on the rise . The rate reached $2.30 per mile, which is a 3.2% increase only for the period March 30 to April 5. The general availability of spot market load decreased by 3.9%, as did capacity – by 0.4%
The DAT statistics show that the van and reefer sectors stayed at almost the same levels. Vans remained at $2.10 per mile and reefers saw a slight decline to $2.27 per mile. These rates are the highest in a month. The load-to-truck ratios of these two sectors decreased, though. Vans’ ratio decreased by 6.3% and reefers’ ratio decreased by 4.6%.
Generally, demand for vans and reefers is increasing, which is not typical for the season. The overview shows that demand is stronger than supply at this stage.
Category: Commercial Bonds