DAT: Spot truckload rates extended their positive run in October
Roper Technologies, Inc. (ROP)
Last roper technologies, inc. earnings: 4/28 06:55 am
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Source: Business Wire
BEAVERTON, Ore.--(BUSINESS WIRE)--Truckload freight volumes continued to build in October as shippers looked for capacity to get ahead of the holiday retail season and potentially higher tariffs next year, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.A measure of van, refrigerated (“reefer”), and flatbed loads moved in a month, the DAT Truckload Volume Index (TVI) made solid gains compared to September:Van TVI: 296, up 9%Reefer TVI: 220, up 7%Flatbed TVI: 314, up 12%Year over year, the TVI was higher for all three equipment types: the van TVI was up 12%, the reefer TVI jumped 13%, and the flatbed TVI increased 14%.Spot rates continue to run YoY positiveNational average spot truckload rates inched higher compared to September. The van rate increased 3 cents to $2.02 a mile, the reefer rate edged 2 cents higher to $2.39, and the flatbed rate gained 4 cents to $2.42.“October continued the pattern of year-over-year gain
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