Truck Capacity Hits Highest Levels in Six Months on TransCore’s DAT Load Boards
PORTLAND, Ore. --(BUSINESS WIRE)-- For the week ending May 14, spot market truck capacity recorded the highest volume for a single week in the past six months as truck availability increased 8.0 percent nationwide on TransCore’s DAT Network of load boards. Truck postings for all equipment types rose: flatbeds are up 8.4 percent, refrigerated (“reefer”) vans rose 8.3 percent and dry vans increased 4.9 percent, week-on-week.
Overall load volume declined 2.3 percent, according to TransCore Trendlines. Loads designated for flatbeds remained stable while postings dipped for reefers by 6.2 percent and for dry vans by 4.3 percent.
As equipment capacity rose and load volume declined, the overall load-to-truck ratio dipped from 7.6 to 6.9 loads per available truck (down 6.7 percent). The ratio fell for each segment: reefers are down 13 percent, dry vans dipped 8.8 percent and flatbeds declined 7.5 percent, week-on-week.
TransCore Trendlines, published weekly with spot market and contract market rates, and other key indicators from TransCore's U.S. Freight Index, is the standard barometer for the spot freight market. It is based on more than 60 million loads and trucks posted annually on the DAT Network of load boards by freight brokers, 3PLs, shippers and carriers across the U.S. TransCore Trendlines also includes industry data from the American Trucking Associations and the U.S. Department of Energy.
About TransCore Freight Solutions:
TransCore Freight Solutions serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore provides Keypoint transportation software, the most popular broker logistics software, fleet compliance, distribution and intermodal services, as well as TransCore CarrierWatch, automated carrier safety and insurance monitoring and TransCore Truckload Rate Index for spot and contract markets rates. TransCore’s asset tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.
Overall load volume declined 2.3 percent, according to TransCore Trendlines. Loads designated for flatbeds remained stable while postings dipped for reefers by 6.2 percent and for dry vans by 4.3 percent.
As equipment capacity rose and load volume declined, the overall load-to-truck ratio dipped from 7.6 to 6.9 loads per available truck (down 6.7 percent). The ratio fell for each segment: reefers are down 13 percent, dry vans dipped 8.8 percent and flatbeds declined 7.5 percent, week-on-week.
TransCore Trendlines, published weekly with spot market and contract market rates, and other key indicators from TransCore's U.S. Freight Index, is the standard barometer for the spot freight market. It is based on more than 60 million loads and trucks posted annually on the DAT Network of load boards by freight brokers, 3PLs, shippers and carriers across the U.S. TransCore Trendlines also includes industry data from the American Trucking Associations and the U.S. Department of Energy.
About TransCore Freight Solutions:
TransCore Freight Solutions serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore provides Keypoint transportation software, the most popular broker logistics software, fleet compliance, distribution and intermodal services, as well as TransCore CarrierWatch, automated carrier safety and insurance monitoring and TransCore Truckload Rate Index for spot and contract markets rates. TransCore’s asset tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.