- THE MAGAZINE
July’s rise of 0.5 percent in the North American sport freight market exceeded June levels for the first time since the Index was established in 1996, according to DAT.
Freight volume typically declines from June to July, reported DAT. The average month-over-month decline was 20 percent over the past 10 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 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 rose 13 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 the July report 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.
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.