October 2016 Freight Trends
October 2 -8
Even though volumes were down last week, rates went up. This was most likely because of Hurricane Matthew as shippers needed to pay more to move loads prior to the storm.
Vans, reefers and flatbeds all had an increase in rates last week.
- Vans: 6 cents
- Reefers : 1 cent
- Flatbeds: 4 cents
Freight Trends October 2016 |
|||
| Oct 2 -8 vs. Sep 25 – Oct 1 | Sep 2016 vs. Aug 2016 | Sep 2016 vs. Sep 2015 | |
| Spot Market Loads | -6.2% | +2.8% | +34% |
| Spot Market Capacity | +2.3% | -7.2% | -1.8% |
| Van Load-To-Truck | -9.3% | +9.7% | +63% |
| Van Rates (Spot) | +3.7% | +1.2% | -6.4% |
| Flatbed Load-To-Truck | -6.6% | +20% | +22% |
| Flatbed Rates (Spot) | +2.1% | -1.1% | -8.3% |
| Reefer Load-To-Truck | -6.6% | +7.8% | +26% |
| Reefer Rates (Spot) | +0.5% | +1.1% | -5.0% |
| Fuel Prices | +2.0% | +1.9% | -4.4% |
*source dat.com
RESOURCE CENTER
Learn More About Trucking
9 Signs It’s Time to Switch Factoring Companies
Most businesses don’t switch invoice factoring companies because they’re unhappy. They switch because they eventually discover what their agreement actually…
How Rising Trucking Insurance Costs Are Impacting Fleets — And What Companies Can Do About It
It’s no surprise that trucking companies have faced some of the most challenging years in recent memory. Economic instability, rising…
Top 10 Trucking Technologies for 2025 | Tools for Fleet Growth
It is a night-and-day difference driving a semi today compared to 20 years ago. Before major technological advancements, truck driving…