The DAT Truckload Volume Index, a measure of dry van, reefer and flatbed loads moved by truckload carriers, rose 1.1% from last month and is 0.8% higher than August 2019.
“Volatility in shipper networks due to shifting consumer purchasing spilled over to the freight market. For instance, commercial food service is way down, but grocery purchases are up,” said Ken Adamo, chief of analytics at DAT. “Asset-based carriers continued to honor their committed volumes but didn’t necessarily provide additional surge capacity. As a result, the number of available loads increased, and prices rose to attract additional capacity.”
Nationally, the August load-to-truck ratio for vans rose for the fourth straight month to 5.3, meaning there were 5.3 available loads for every available truck on the DAT network. The van load-to-truck ratio was 20% higher compared to July and more than double the ratio in August 2019 (2.3).
Source: Trucker.com
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