In June, truck spot rates for van, flatbed and refrigerated loads rose when compared to May’s results, and spot market capacity declined by 18 percent, but costs didn't increase as much as anticipated, according to a DAT analysis.
Reefer spot rates increased 6.1 percent month-to-month, van rates rose 2.7 percent, and flatbed rates ticked up 1.4 percent. In June 2012, however, flatbed spot rates were 6.5-percent more expensive than last month. Van rates stayed flat, year over year, but reefer rates increased 1.3 percent compared to June 2012.
Fuel prices declined 0.5 percent during the last week in June, echoing a 0.5-percent month-to-month drop, but compared to June 2012, prices have risen 2.5 percent.
According to DAT, rates are expected to rise significantly in the near future. Commenting on numbers for the last week of June versus the week before, the company saw load volumes increasing, but rates neglected to follow suit as anticipated. Spot market capacity declined by 3.3 percent during that time period, but rates stayed fairly flat.
“A lull between produce harvests may have led to looser capacity for reefers and vans, temporarily relieving pressure on rates,” the company said. - Jon Ross