Le Lézard
Classified in: Science and technology
Subjects: Photo/Multimedia, Economic News/Analysis

DAT Truckload Volume Index: Freight volumes cooled in September

Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, said DAT Freight & Analytics, which operates the industry's largest online freight marketplace and DAT iQ data analytics service.

Seasonally declining shipments of retail goods and fresh produce decreased demand for truckload services last month. The DAT Truckload Volume Index (TVI) fell for all three equipment types in September:

Van and refrigerated ("reefer") indexes were almost 7% lower than in September 2022. The flatbed index was 2.1% higher year over year.

Spot rates dipped to mid-2020 levels

While volumes declined, diesel prices increased for the fourth straight month. Spot line-haul rates, which subtract an amount equal to an average fuel surcharge, dipped to their lowest points since June 2020:

DAT's broker-to-carrier benchmark spot rates increased as carriers negotiated to recover fuel expenses. The spot van rate averaged $2.11 per mile in September, up 2 cents compared to August; the reefer rate rose 1 cent to $2.52 per mile; and the flatbed rate remained unchanged at $2.51 a mile.

Van, reefer ratios declined

DAT's national average van and reefer load-to-truck ratios slipped in September. Load-to-truck ratios measure the number of loads posted to the DAT One marketplace relative to the number of trucks. Changes in the ratio typically reflect the pricing environment for truckload services on the spot market:

DAT benchmark rates for contracted freight rose slightly compared to August. The contract van rate increased 2 cents to $2.59 per mile; the reefer rate was up 2 cents to $3.01 a mile; and the flatbed rate gained 1 cent to $3.20 a mile.

"Seasonality took hold in September," said Ken Adamo, DAT Chief of Analytics. "Retailers had not yet replenished inventory ahead of the holidays, produce season was winding down and construction shipments slowed. At the same time, there were no disruptive events to push freight to the spot market. Hurricane season has been mild, and our data showed the United Auto Workers strike had little impact on freight movements in September."

About the DAT Truckload Volume Index

The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month; the actual index number is normalized each month to accommodate any new data sources without distortion. A baseline of 100 equals the number of loads moved in January 2015, as recorded in DAT RateView, a truckload pricing database and analysis tool with rates paid on an average of 3 million loads per month.

Spot truckload rates are negotiated for each load and paid to the carrier by a freight broker. National average spot rates are derived from payments to carriers by freight brokers, third-party logistics providers and other transportation buyers for hauls of 250 miles or more with a pickup date during the month reported. DAT's rate analysis is based on $150 billion in annualized freight transactions.

About DAT Freight & Analytics

DAT Freight & Analytics operates the largest truckload freight marketplace in North America. Shippers, transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights based on more than 400 million freight matches and a database of $150 billion in annual market transactions.

Founded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the S&P 500 and Fortune 1000 indices.

These press releases may also interest you

at 11:00
E-School Market is Segmented by Type (For-profit EMO, Non-profit EMO), by Application (Elementary Schools, Middle Schools, High Schools, Adult Education). The Global E-school market was valued at USD 3846 Million in 2023 and is anticipated to reach...

at 10:48
Gacha Games Market is Segmented by Type (Card Games, RPG Games), by Application (Android, IOs). The Global Gacha Games market was valued at USD 452 Million in 2023 and is anticipated to reach USD 781.5 Million by 2030, witnessing a CAGR of 8.5%...

at 10:43
Tri Star Metals is pleased to announce the establishment of an exclusive North American distribution agreement with Aubert & Duval, a leading manufacturer of advanced material solutions for the defense industry. This collaboration signifies a pivotal...

at 10:35
The "Digital Pathology Technology Innovations and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering. The study charts the evolution of digital pathology technology and identifies its applications in research and...

at 10:30
Discovery-driven research shapes Canada's response to cotemporary challenges, improving lives through pioneering exploration. The next generation of scientists and engineers are constantly expanding the frontiers of knowledge, creating new...

at 10:30
Projected to grow at a CAGR of 10.5%, the global medical equipment maintenance market is anticipated to reach USD 88.9 billion by 2029, up from USD 54.0 billion in 2024. This growth is fueled by the escalating prevalence of chronic diseases such as...

News published on and distributed by: