End of Quarter Adds 11% to Van Demand

DAT Solutions

Albuquerque also has high load availability for vans, coupled with a shortage of trucks, as shown in this Hot States Map for the week of September 27 to October 3. Outbound rates edged up in Los Angeles, Dallas, Philadelphia and other major freight markets, however, as shippers rushed to move inventory before the quarter ended on Wednesday. Van demand rose 11% last week, in the end-of-quarter rush , and truck capacity tightened by 2.9%.

7-Week Streak of Higher Rates Ends – For Now

DAT Solutions

Denver to Albuquerque, NM , was down 33¢ to $2.04/mile. It could be a case of Columbus being out of inventory, given the extra activity that happened out of there following Hurricanes Harvey and Irma, which meant freight going into Buffalo had to be sourced elsewhere. Van spot market rates moderated last week, especially on the backhaul lanes where rates spiked two weeks ago.