Flatbed Demand Picks Up in Spot Market
The spot freight market was mixed last week as load availability decreased 3.9% and capacity crept upward by 6.6%, according to the latest numbers from DAT. Flatbed activity picked up, reefer loads fell, and van freight was steady.
Flatbed load ability grew 7.7%, and capacity fell 2.4% for the week. The flatbed load-to-truck ratio also increased from 14.8 to 16.4 reflecting the increased demand for the trailer. The average flatbed rate rose 3 cents to a national average of $2.18 per mile with some areas seeing rates climb as much as 40 cents.
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