Load volumes and rates, per a composite of the DAT network loadboards, fell 11.9 percent and 0.4 percent, respectively.
Van rates fell a penny to $1.94 — still up 21 cents from January 2013’s average, per DAT — while van load volume fell 15.6 percent and available trucks climbed 9.9 percent. The load-to-truck ratio fell to 3.7, down 23 percent from the week before.
Reefer rates dropped 6 cents to $2.06 a mile as demand for reefer units fell 17.1 percent and capacity climbed 7.9 percent. The load to truck ratio for reefers also fell to 11.5, a 23 percent drop from the prior week’s 15 to 1.
Flatbed rates were unchanged at $2.07. Flatbed demand fell 4.4 percent, and capacity fell 18 percent, thus driving up the load to truck ratio to 17.1, a 16.5 percent increase from the prior week’s 14.7.