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Capacity Tightens in Harvey’s Wake

Sep 3 – 9 – Two powerful hurricanes hit within just a few days, destroying lives, homes and businesses. It will take months or years to repair the property damage alone. Freight transportation is disrupted all across the U.S., as supply chains were re-routed after Hurricane Harvey and again before Hurricane Irma. Fuel prices also soared, driving rates up to the highest weekly averages in more than two years. National average van rates gained 3¢ per mile, reefer rates jumped 8¢, and flatbed rates added 4¢.

The chart above depicts national average spot market rates for the past four weeks, including fuel surcharges. Weekly rate snapshots reflect averages for the month to-date, from DAT RateView.

Industry Trends - Spot Market Industry Trends - Van Industry Trends - Flatbed Industry Trends - Reefer Industry Trends - Fuel Prices
Industry Trends WEEK MONTH YEAR
Sep 3 – 9 vs.
Aug 27 – Sep 2
Aug 2017 vs.
Jul 2017
Aug 2017 vs.
Aug 2016
Spot Market Loads 2.7% +6.2% +100%
Spot Market Capacity 15% +12% 1.0%
Van Load-To-Truck +17% 0.7% +89%
Van Rates (Spot) +1.6% +0.6% +11%
Flatbed Load-To-Truck +29% 22% +170%
Flatbed Rates (Spot) +1.8% +0.5% +15%
Reefer Load-To-Truck 2.1% +11% +78%
Reefer Rates (Spot) +3.8% +0.5% +10%
Fuel Prices +1.4% +3.9% +10%
Spot Rates Rise Before Irma Lands
Fuel Prices
+1.4%$2.80 / gallon

Last update: 9/13/2017 – Next update: 9/20/2017

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