DAT: Truckload spot rates gained in May on robust van and reefer volumes
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)--Spot truckload rates bounced higher in May as shippers sought capacity to move higher volumes of van and refrigerated freight, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618135924/en/DAT: Truckload spot rates gained in May on robust van and reefer volumes (Graphic: DAT Freight & Analytics)The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, hit all-time highs for van and refrigerated (“reefer”) loads:Van TVI: 289, up 4% from AprilReefer TVI: 224, a 4% increase month over monthFlatbed TVI: 301, down 2% from AprilThe van and reefer TVI numbers climbed 13% and 25% higher, respectively, compared to May 2023. The flatbed TVI fell month-over-month for the first time since December 2023.“Stronger van and reefer volumes are consistent with May, w
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