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The national average rate for spot flatbed loads increased for the third straight week and the flatbed load-to-truck ratio topped 70 to 1 during the week ending Feb. 24, according to DAT Solutions and its network of load boards.
The number of available flatbed loads increased 10% compared to the previous week while truck posts dipped 1%. The load-to-truck ratio rose 10% as the national average flatbed rate gained 5 cents to $2.35 per mile. All rates include fuel surcharges.
Van and refrigerated freight rates continued their gradual slide but remain higher than at this point last year.
The national average van rate lost 1 cent to $2.14 per mile on a 6% decline in the number of van loads and a 1% gain in available capacity. The van load-to-truck ratio fell slightly to 6.7 loads per truck.
The national average reefer rate fell 2 cents to $2.43 per mile. The number of available loads was down 2% and truck posts edged up 1% for a 9.3 to 1 load-to-truck ratio.
The mixed performance with freight rates happened as the average cost of diesel fell to $3.023 per gallon.
The national average spot van rate has now fallen for seven straight weeks, according to DAT, but there are some signs they may have hit bottom and could rebound soon:
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Bill Gates said in a recent Reddit AMA that Americans should expect another financial crisis on the magnitude of the 2008 downturn. The billionaire-philanthropist believes the world is improving and often cites the falling number of people living in extreme poverty as evidence. The financial crisis of 2008 is considered by many economists to have been the worst economic downturn since the Great Depression.
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Some observers have criticized the build quality of Tesla vehicles, most recently with the Model 3. Tesla has at times struggled with manufacturing as the same level of the rest of the industry, but it usually improves its processes. Since the Tesla Model 3 launched in July and started its uneasy path as a mass-market vehicle, Tesla watchers have been carefully scrutinizing the vehicle's quality.
