Flatbed Loads Rises whereas Reefers and Dry Van remains same reported by TransCore
With the week that ended on Jan 29, the nationwide flatbed freight loads showed an increase as per the loadboards of Transcore DAT network. The freight loads for reefer and dry van remained the same with the same number of loads as previous week.
The capacity to take the loads and the loads available for flatbed trucks have made up for the total number of load postings done for loads and truck available. This is the third week that both the volume and capacity is showing a weekly increase. This week thought the increase in demand for the loads available did not match the equipment capacity. The individual flatbed capacity stayed same and there was a 2.3 percent growth in van and reefer capacity.
The weekly newsletter issued by TransCore called Transcore Trendlines suggested that the there was in increase in the truck loads by 3.1 percent and the postings fir trucks rose by 2.4 percent. This rising trend as per the market indicators can be seen week over week. The main business indicator if the trucking industry id Load-to-Truck ratio, it remained stable and stated that there were approximately 4.9 loads available for each empty truck. Thus, the industry is seen giving lucrative offers to the truck driving jobs especially the flatbed drivers. This ratio is calculated by covering the data available nationwide.
The week showed an increase in the ratio for flatbed trucks to 6.7 percent and a decrease in the load to truck ratios for vans and refrigerated trucks. These key indicators suggest increased activity in the trucking industry as the US and worldwide economy revives.
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