{"id":770312,"date":"2023-07-17T13:21:24","date_gmt":"2023-07-17T17:21:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/"},"modified":"2023-07-17T13:21:24","modified_gmt":"2023-07-17T17:21:24","slug":"dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/","title":{"rendered":"DAT Truckload Volume Index: June signals that spot rates have hit bottom"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>DAT Truckload Volume Index: June signals that spot rates have hit bottom<\/b><\/p>\n<p>BEAVERTON, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTruckload freight volumes and spot rates held firm in June while contract rates fell to their lowest points in almost two years, according to DAT Freight &amp; Analytics, operators of the industry\u2019s largest online freight marketplace and DAT iQ data analytics service.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1842704\/4\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg\" alt=\"June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics)\" \/><\/p>\n<p style=\"font-size:85%\">June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics)<\/p>\n<\/div>\n<p>\n\u201cThe gap between spot and contract rates was the narrowest since April 2022,\u201d said Ken Adamo, DAT Chief of Analytics. \u201cRates for van and refrigerated freight increased for the third straight month, and volumes were almost unchanged from May. These are signs that spot truckload prices have reached the bottom of the current freight cycle.\u201d<\/p>\n<p>\nThe national benchmark contract rate for dry van freight has not increased for 12 consecutive months. At $2.58 per mile, the rate was 70 cents lower than a year ago.<\/p>\n<p><b>Volumes held steady in June<\/b><\/p>\n<p>\nThe DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, decreased marginally for van and refrigerated (\u201creefer\u201d) freight and increased slightly for flatbed loads:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nVan TVI: 230, down 1% from May<\/p>\n<\/li>\n<li>\nReefer TVI: 167, down 3% from May<\/p>\n<\/li>\n<li>\nFlatbed TVI: 267, up 2% from May<\/p>\n<\/li>\n<\/ul>\n<p><b>Van, reefer rates improved<\/b><\/p>\n<p>\nOn the spot market, the national benchmark rates for van and reefer freight rose while the flatbed rate declined compared to May:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSpot van rate: $2.08 per mile, up 3 cents, the first increase in five months<\/p>\n<\/li>\n<li>\nSpot reefer rate: $2.47 a mile, up 3 cents<\/p>\n<\/li>\n<li>\nSpot flatbed rate: $2.61 a mile, down 4 cents<\/p>\n<\/li>\n<\/ul>\n<p>\nVan line haul rates averaged $1.65 a mile, up 4 cents compared to May, while reefer line haul rates averaged $2.01 a mile, up 5 cents. The flatbed line haul rate dipped 2 cents to $2.10 a mile. Line haul rates subtract an amount equal to an average fuel surcharge. Lower diesel prices in June pushed fuel surcharges to 17-month lows, averaging 43 cents a mile for van freight, 46 cents for reefers, and 51 cents for flatbeds.<\/p>\n<p><b>Load-to-truck ratios reflected seasonal demand<\/b><\/p>\n<p>\nLoad-to-truck ratios reflect truckload supply and demand on the DAT One marketplace:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe national average van load-to-truck ratio was 2.6, meaning there were 2.6 loads for every van posted to the DAT One marketplace last month. The ratio was 2.5 in May and 3.9 in June 2022.<\/p>\n<\/li>\n<li>\nThe reefer ratio averaged 3.8, up from 3.6 in May and down from 7.0 in June 2022.<\/p>\n<\/li>\n<li>\nThe flatbed ratio fell to 9.7, down from 11.7 in May and 37.6 in June 2022.<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cDemand for truckload services typically slows at this time of year, but this could change quickly given the threat of strikes in the parcel and less-than-truckload sectors,\u201d Adamo said. \u201cShippers are putting contingency plans in place and would look to freight brokers and carriers on the spot market to keep their line haul operations moving. Demand for trucks would jump, especially around Louisville, Memphis, Indianapolis, Dallas and other major parcel hubs.\u201d<\/p>\n<p><b>About the DAT Truckload Volume Index<\/b><\/p>\n<p>\nThe DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month; the actual index number is normalized each month to accommodate any new data sources without distortion. A baseline of 100 equals the number of loads moved in January 2015, as recorded in DAT RateView, a truckload pricing database and analysis tool with rates paid on an average of 3 million loads per month.<\/p>\n<p>\nSpot truckload rates are negotiated for each load and paid to the carrier by a freight broker. National average spot rates are derived from payments to carriers by freight brokers, third-party logistics providers and other transportation buyers for hauls of 250 miles or more with a pickup date during the month reported. DAT\u2019s rate analysis is based on $150 billion in annualized freight transactions.<\/p>\n<p><b>About DAT Freight &amp; Analytics<\/b><\/p>\n<p>\nDAT Freight &amp; Analytics operates the largest truckload freight marketplace in North America. Shippers, transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights based on more than 400 million freight matches and a database of $150 billion in annual market transactions.<\/p>\n<p>\nFounded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the S&amp;P 500 and Fortune 1000 indices.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230717037287r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/<\/a><\/span><\/p>\n<p>\nAnnabel Reeves<br \/>\n<br \/>Corporate Communications, DAT Freight &amp; Analytics<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:PR@dat.com\">PR@dat.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:annabel.reeves@dat.com\">annabel.reeves@dat.com<\/a>; 503-501-0143<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Oregon<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Trucking Vehicle Technology Automotive Transport Professional Services Performance &amp; Special Interest Data Analytics Data Management Fleet Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1784636\/3\/DAT_F%26A_LOGO_STACKED_LIGHT.BG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1842704\/3\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>DAT Truckload Volume Index: June signals that spot rates have hit bottom BEAVERTON, Ore.&#8211;(BUSINESS WIRE)&#8211; Truckload freight volumes and spot rates held firm in June while contract rates fell to their lowest points in almost two years, according to DAT Freight &amp; Analytics, operators of the industry\u2019s largest online freight marketplace and DAT iQ data analytics service. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/ June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics) \u201cThe gap between spot and contract rates was the narrowest since April 2022,\u201d said Ken Adamo, DAT Chief of Analytics. \u201cRates for van and refrigerated freight increased for the third straight month, and volumes were almost unchanged from May. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DAT Truckload Volume Index: June signals that spot rates have hit bottom&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-770312","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DAT Truckload Volume Index: June signals that spot rates have hit bottom - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAT Truckload Volume Index: June signals that spot rates have hit bottom - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DAT Truckload Volume Index: June signals that spot rates have hit bottom BEAVERTON, Ore.&#8211;(BUSINESS WIRE)&#8211; Truckload freight volumes and spot rates held firm in June while contract rates fell to their lowest points in almost two years, according to DAT Freight &amp; Analytics, operators of the industry\u2019s largest online freight marketplace and DAT iQ data analytics service. 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View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/ June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics) \u201cThe gap between spot and contract rates was the narrowest since April 2022,\u201d said Ken Adamo, DAT Chief of Analytics. \u201cRates for van and refrigerated freight increased for the third straight month, and volumes were almost unchanged from May. &hellip; Continue reading &quot;DAT Truckload Volume Index: June signals that spot rates have hit bottom&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T17:21:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1842704\/4\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DAT Truckload Volume Index: June signals that spot rates have hit bottom\",\"datePublished\":\"2023-07-17T17:21:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/\"},\"wordCount\":783,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230717037287\\\/en\\\/1842704\\\/4\\\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\\\/\",\"name\":\"DAT Truckload Volume Index: June signals that spot rates have hit bottom - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230717037287\/en\/ June signals that spot rates have hit bottom (Graphic: DAT Freight &amp; Analytics) \u201cThe gap between spot and contract rates was the narrowest since April 2022,\u201d said Ken Adamo, DAT Chief of Analytics. \u201cRates for van and refrigerated freight increased for the third straight month, and volumes were almost unchanged from May. &hellip; Continue reading \"DAT Truckload Volume Index: June signals that spot rates have hit bottom\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-17T17:21:24+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1842704\/4\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DAT Truckload Volume Index: June signals that spot rates have hit bottom","datePublished":"2023-07-17T17:21:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/"},"wordCount":783,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230717037287\/en\/1842704\/4\/MKT-0109_TVI_Monthly_Chart_Jan2015-May2023.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dat-truckload-volume-index-june-signals-that-spot-rates-have-hit-bottom\/","name":"DAT Truckload Volume Index: June signals that spot rates have hit bottom - 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