DAT North American Freight Index Exceeds June Levels in July
PORTLAND, Ore., Aug. 14, 2013 /PRNewswire/ -- Spot market freight volumes reported by the DAT North American Freight Index rose 0.5 percent in July, exceeding June levels for the first time since the Index was established in 1996. Freight volume typically declines from June to July; the average month-over-month decline was 20 percent over the past ten years.
This year's atypical, extended freight season can be attributed to a combination of pent-up demand for flatbeds due to weather-related delays in housing starts, as well as a robust harvest that added to July demand for refrigerated ("reefer") trailers in the West and Midwest. Flatbed loads increased 6.0 percent and reefer freight availability rose 1.8 percent, while van loads declined 6.2 percent compared to June.
Year-over-year freight availability rose13 percent overall, with increased volume for all equipment types. Flatbed volume rose 20 percent, reefer loads increased 26 percent and van freight added 6.8 percent compared to July 2012.
A seasonal month-over-month decline in spot market rates is expected in July, as capacity becomes available in many parts of the country. Rates rose 1.2 percent for flatbeds, however. Rates declined seasonally for other equipment types, dipping 0.7 percent for vans and 3.4 percent for reefers, as additional truckload capacity became available to meet seasonal demand. On a year-over-year basis, flatbed rates declined 6.7 percent and van rates slipped 2.1 percent from the record highs of July 2012, but reefer rates rose 1.2 percent. Additional trend information and analysis is available at DAT Trendlines or the DAT blog.
Rates are derived from DAT RateView, which is based on $20 billion dollars of actual transactions paid by brokers, 3PLs and shippers to carriers. Reference rates are for line haul only, excluding fuel surcharges, which were unchanged in July on a month-over-month basis, but declined compared to July 2012. The monthly DAT North American Freight Index reflects spot market freight availability on the TransCore DAT network of load boards in the United States and Canada.
DAT, a unit of TransCore, is the world's leading freight marketplace platform and information provider. Through its solutions, DAT Load Boards, TruckersEdge, and DAT RateView, the company hosts over 90 million spot load and truck listings and compiles $20 billion of transacted shipment data annually, as well as automated carrier safety and insurance monitoring through DAT CarrierWatch. DAT is the trucking and transportation industry's preferred resource for real-time supply, demand, and rate analytics.