August 22-28: Spot Market Capacity Tightens by 8%, vs. Prior Week
| Industry Trends |
Week:
August 22-28 vs.
August 15-21 |
Month:
August 2010 vs.
July 2010 |
Year:
August 2010 vs.
August 2009 |
|---|
| Spot Market Load Index |
+ 1.4% |
 |
- 14% |
 |
+ 81% |
 |
| Spot Market Truck Index |
- 8.2% |
|
+ 3.6% |
|
- 28% |
 |
| Dry Van Load-to-Truck |
+ 7.0% |
 |
- 12% |
|
+ 126% |
|
| Flatbed Load-to-Truck |
+ 12% |
|
- 19% |
|
+ 159% |
|
| Reefer Load-to-Truck |
+ 12% |
|
+ 7.4% |
|
+ 244% |
|
| U.S. Retail Fuel Price |
- 0.6% |
|
+ 1.9% |
|
+ 12% |
|
Trend of the Week
Spot market load availability increased by 1.4% and equipment capacity declined by 8.2% in the week of August 22-28, compared to the previous week. Spot freight availability declined by 14% in August, compared to July. Load postings have declined in August, on a month-over-month basis, in five of the past seven years, compared to July of the same years. (Freight availability increased in August of 2005 and 2009, as part of unusual seasonal patterns in those years.) For the month of August, truck capacity declined by 3.6%, compared to July. The end result was an 11% decline in the load-to-truck ratio, from 5.65 to 5.04 available loads per truck. Compared to August 2009, this represented a 151% year-over-year increase in that ratio.
About TransCore Trendlines
Trendlines provides a selection of key industry indicators drawn from TransCore's U.S. Freight Index, the standard spot freight market barometer based on more than 60 million loads and trucks listed by intermediaries and carriers across the U.S. each year on services feeding TransCore's DAT® Network. Trendlines also includes industry data from the American Trucking Associations and the U.S. Department of Energy. This site is updated every week. We invite you to subscribe to email alerts for future Trendlines updates, or contact us to offer your comments and suggestions.