October 1 – 7 Freight Capacity Remains Tight
The October 2017 freight trends show that load-to-truck ratios are still high for all three trailer types. The national average van rate has reached a high of $2.09 per mile for the first time since December 2014. Relief and rebuilding efforts in areas affected by Hurricanes Harvey and Irma have put a squeeze on capacity nationwide.
October 2017 Freight Trends |
|||
| Oct 1-7 vs. Sep 24-30 | Sep 2017 vs. Aug 2017 | Sep 2017 vs. Sep 2016 | |
| Spot Market Loads | -3.0% | +12% | +117% |
| Spot Market Capacity | +1.2% | -13% | -7.5% |
| Van Load-To-Truck | -7.1% | +28% | +120% |
| Van Rates (Spot) | +6.1% | +11% | +22% |
| Flatbed Load-To-Truck | -6.9% | +46% | +226% |
| Flatbed Rates (Spot) | +1.8% | +3.7% | +20% |
| Reefer Load-To-Truck | -0.2% | +23% | +104% |
| Reefer Rates (Spot) | +6.3% | +7.2% | +17% |
| Fuel Prices | +0.1% | +7.3% | +16% |
*source dat.com
RESOURCE CENTER
Learn More About Trucking
Why and How You Should Shop Your Trucking Insurance
AuthorThom Albrecht, Chief Revenue Officer at Reliance Partners As the Chief Revenue Officer at Reliance Partners, an insurance agency focused…
A Guide to Invoice Factoring: A Solution for Business Cash Flow Challenges
In today’s fast-paced and competitive market, businesses often face cash flow problems. These issues can slow growth or even threaten…
How Double Brokering Fraud Hurt Carriers and Shippers
In the United States, there was a documented double brokering fraud involving a company named “Global Cargo Logistics” (a fictitious…