Spot Market Freight

From February to March, the the van TVI, at 260, was up 4%, with the refrigerated TVI, at 200, up 2.6%, and the flatbed TVI, at 242, up 4.4%.

DAT reported that the van TVI was up 3.5% compared to September, at 263, and up 9.5% annually, with the reefer TVI up 4.3% compared to September, at 196 and up 9.0% annually, and the flatbed TVI was down 3.2% compared to September, at 245, and up 0.5% annually.

While news of the shuttering of Seattle-based digital freight network Convoy reverberated throughout industry circles last week, it raised the question of if there is another shoe to drop, in the form of another well-capitalized player, or players, potentially exit the industry, too.

DAT officials explained that despite higher freight volumes, March’s low rates ended what it called a challenging quarter experienced by the majority of truckload carriers and freight brokers, with the exception of flatbed freight, as spot market pricing and demand have been steady year-to-date.

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for March, came in at 111.6 (2015=100), marking a 5.4% decrease compared to February, which was up 0.9% over January.

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for February, came in at 118.4 (2015=100), for a 1.2% increase, over January’s 117 reading.