August Spot Market Freight Volume Up 32 Percent Year Over Year

August Spot Market Freight Volume Up 32 Percent Year Over Year

Freight availability stayed flat from July to August.

Spot market freight volume increased 32 percent in August compared to the same month in 2013, according to the DAT North American Freight Index. Freight availability remained constant from July to August, with a 0.4 percent uptick month over month,

Compared to August 2013, freight volume rose for all three equipment categories in the U.S. Van load availability rose 36 percent, while refrigerated ("reefer") freight added 31 percent and flatbed volume surged 56 percent. National average spot truckload rates also increased, with van and flatbed rates both adding 14 percent, and reefer rates up 5.7 percent.

Compared to July, freight volume was stable for vans with a 0.2 percent increase, and freight for reefer trailers increased 6.2 percent. Loads for flatbeds declined 2.4 percent, however, from July's atypically strong demand. Spot market truckload rates for all three equipment categories receded from extraordinary mid-summer heights. Van rates slid 1.9 percent, reefer rates lost 2.2 percent, and flatbed rates drifted 0.5 percent lower, month over month. 

 

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