DAT: Truckload spot rates gained in May on robust van and reefer volumes [Yahoo! Finance]
Roper Technologies, Inc. (ROP)
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Source: Yahoo! Finance
van and refrigerated freight, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service. 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 April Reefer TVI: 224, a 4% increase month over month Flatbed TVI: 301, down 2% from April The 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, when shippers move seasonal produce and retail goods and truckload capacity tightens due to the Roadcheck inspection event and Memorial Day holiday," said Ken Adamo, DAT Chief of Analytics. "Carrier attrition created further pressure on capacity." Spot rates reflected higher demand Spot prices responded last month, with national average van and
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ROP
Earnings
- 4/26/24 - Miss
ROP
Sec Filings
- 6/21/24 - Form 4
- 6/20/24 - Form 4
- 6/20/24 - Form 144
- ROP's page on the SEC website