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A service for auto industry professionals · Saturday, October 20, 2018 · 465,650,173 Articles · 3+ Million Readers

DAT Freight Index: September Spot Freight Volume Slips 14%, in Seasonal Trend

PORTLAND, Ore., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Freight resumed a seasonal pattern on the spot market in September, with a month-over-month decline of 14 percent. Compared to September 2017, volume dropped 30 percent, influenced by a steep drop in demand for flatbed equipment, compared to last year’s hurricane aftermath. Hurricane season has not had a major impact on freight flows so far this year.

DAT Freight Index 2014-2018
Spot market freight availability slipped 14 percent in September, a typical seasonal pattern, according to the DAT Freight Index.


DAT Spot Market Rates 2014-2018
September spot market truckload rates were higher than in any previous year, for all equipment types, according to DAT Solutions.


/EIN News/ -- “The decline in load posting volume in the DAT load board marketplace actually signals a return to stability, as 3PLs and freight brokers are able to find trucks more quickly,” explained DAT market analyst Peggy Dorf. “Volume can be expected to increase in the fourth quarter, although year-over-year increases may be muted due to the strength of comparable months in 2017.” 

Spot market rates edged up for dry van and refrigerated (“reefer”) equipment, month over month, despite declining volume. However, rates slipped a few cents lower for flatbed trailers. All trailer types got a rate increase compared to September 2017 averages.

Despite the decline, rates are higher for all equipment types than in any previous year since at least 2010, when DAT introduced the first spot market rates database.

The DAT Freight Index reflects load posting volume on the DAT network of load boards, and 100 on the Index represents the average monthly volume in the year 2000. Additional trends and analysis are available at DAT Trendlines. Referenced rates are the averages by equipment type, based on $57 billion of actual transactions, as recorded in DAT RateView. Rates per mile include fuel surcharges, but not accessorials or other fees.

About DAT Solutions

DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 279 million freight matches (2018 estimate) and a database of $57 billion in annual market transactions. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; authority, fuel tax, mileage, vehicle licensing, and registration services; and carrier onboarding.

Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (NYSE: ROP), a diversified technology company and constituent of the S&P 500, Fortune 1000, and Russell 1000 indices. DAT.com

Contact:

Eileen Hart
Vice President, Marketing & Corporate Communications
PR@dat.com | 503-672-5132

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