DAT Truckload Volume Index: Spot Freight Market Reflects Supply Chain Volatility in March
Roper Technologies, Inc. (ROP)
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Source: GlobeNewswire
PORTLAND, Ore., April 10, 2020 (GLOBE NEWSWIRE) -- Spot truckload volumes and rates rose sharply for dry van and refrigerated (“reefer”) freight during the first three weeks of March before cresting and spending the final week of the month well below seasonal norms, according to the DAT Truckload Volume Index. Spot market van volume rose 17 percent in March, year over year, and the national average van rate added 4 cents, despite a 4-cent decline in the fuel surcharge that is a component of the total rate. The surcharge is pegged to the retail cost of diesel, which has declined sharply. “The increases in March were based on exceptional demand from shippers through March 22, at which point the market turned dramatically,” said Peggy Dorf, Senior Market Analyst at DAT Solutions. “Consumers and
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