We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Ratio of spot market loads to trucks spiked in first week of ELD mandate
newsworthy

Ratio of spot market loads to trucks spiked in first week of ELD mandate

December 28, 2017
DC Velocity Staff
No Comments

Truckload spot market capacity was ultra-tight last week as the new electronic logging device (ELD) mandate, combined with the approaching Christmas holiday, prompted many drivers to take an extended holiday from the road, consulting firm DAT Solutions LLC said.

DAT, which tracks spot, or non-contract, activity on a weekly basis, said the ratio of loads to trucks hauling dry goods hit an all-time record of 10 loads for every truck. Not surprisingly, spot rates for dry van tractor-trailers hit $2.09 a mile last week, just below an all-time record, DAT said late yesterday.

The rates include the cost of fuel surcharges, which have been rising throughout the year along with the price of diesel fuel. Nationally, the average on-highway price of a gallon of diesel ended 2017 at slightly more than $2.90 a gallon, about 32 cents a gallon above where it began the year, according to weekly data published by the Department of Energy's Energy Information Administration (EIA). Diesel prices vary by region, with California, often the most expensive area because of high state taxes, coming in at $3.53 a gallon, by far the highest of all regions surveyed.

A federal rule requiring that virtually all rigs be equipped with ELDs by Dec. 18 was enough incentive to keep many non-compliant drivers off the roads through the balance of the year, according to Eileen Hart, a DAT spokeswoman. Because Christmas Day fell on a Monday, drivers with ELDs wanted to be home by the preceding Friday, and were reluctant to accept loads that could jeopardize those plans, Hart said.

Adding to the strain on supply was the heightened demand arising from last-minute orders that needed to be moved in the days right before the holiday, DAT said.

The impact of the ELD mandate was most keenly felt in the movement of refrigerated commodities, whose rates spiked by 4 cents a mile from the previous week, while dry van and flatbed rates each rose by just 1 cent per mile, DAT said. Many produce haulers are independent owner-operators who either were still not in compliance with the mandate, or were in the process of transitioning from paper to electronic logs, Hart said.

The timing of the mandate, along with the impending holiday period, likely led all haulers to park their rigs until after New Year's, she said.

Transportation Trucking Truckload
KEYWORDS DAT U.S. Department of Defense
  • Related Articles

    Spot market loads soared in January, firm says

    Descartes buys PinPoint in move to capture more real-time vehicle data as Canada plans ELD mandate

    Spot van truckload rates out of L.A. spike in wake of Hanjin collapse

Recent Articles by DC Velocity Staff

Cargo imports forecast to sink near three-year low in February

Air cargo demand slumped in 2022 after “extraordinary” levels in 2021

Logistics gives back: February 2023

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Researchers: Ships can look to Mother Nature for energy-saving ideas

  • Maersk deploys indoor drones for warehouse inventory counts

Now Playing on DCV-TV

C8c3bc6b a91d 4181 a18f 35f288257630

ACPaQ: Fast and reliable automated mixed case palletizer

DCV-TV 4: Viewer Contributed
Fully Automated Mixed Case Palletizing ACPaQ is a universally applicable solution for fully automated order picking of mixed case pallets based on customers‘ requirements. Its software allows you to customize the palletizing order to increase efficiency during in-store replenishment. The mixed case palletizer...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing