Spot market volumes bounce back to pre-Thanksgiving volume, and then some

Discussion in 'Freight Broker Forum' started by Scooter Jones, Dec 8, 2020.

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  2. Scooter Jones

    Scooter Jones Road Train Member

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    I have a friend who told me the numbers DAT post as averages on their Trends section is bunk and that they over-inflate the numbers?
     
  3. JimmyTwoTimes

    JimmyTwoTimes Light Load Member

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    It is really hard to pin down. It's a national average, and while DAT has a large data set (I think 120ish billion worth of trans spend annually), it is only a portion of the trucking industry so isn't the complete picture.

    I believe that directionally the trends we see there every month have almost always mirrored what we are seeing when working the freight market every day, so while I believe the RPM may not always be perfect, the trend lines are pretty dang accurate.
     
  4. TallJoe

    TallJoe Road Train Member

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    I think they're pretty realistic, if not a little subdued.
    For instance, I was able to book 4 loads - 3 350 ALL miles this week (but I had to cancel due to clutch repairs) with an average of 2.60 on all miles. Perhaps 3.00 per loaded mile.
    I have indulged myself lately with two full blown versions of DAT and Truckstop.com and DAT seems more consistent with the rates I was getting.
     
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  5. TallJoe

    TallJoe Road Train Member

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  6. TallJoe

    TallJoe Road Train Member

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    But Chicago Market, at first glance does not seem that much worse from what it was in the last few weeks:

    upload_2020-12-8_11-13-20.png

    Notably, outbound to New England and Florida
     
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  7. Midwest Trucker

    Midwest Trucker Road Train Member

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    Seems to me like if you take their average number and then add in the national fuel surcharge, it’s pretty accurate. Then, work your tail off to beat the averages.

    If you can beat what they are showing by 50 cents then your doing very very well. That’s just me though. I know a guy or two on here outpacing that even.
     
  8. 6wheeler

    6wheeler Road Train Member

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    It's the opposite. DAT working with broker's to keep rates lower than what they are really paying.
     
  9. PPDCT

    PPDCT Road Train Member

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    My experience has pretty much mirrored @JimmyTwoTimes's - the base numbers are usually a little low, but the trend line is generally pretty accurate. Granted, I don't do much van, and I don't do *any* reefer, so I can't speak to those two segments with any authority, but flats have been cruising along about like that line there. Just depends on when/where/what.
     
  10. Scooter Jones

    Scooter Jones Road Train Member

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    The Spot & Contract rates DAT shows are from reported information from point A to Point B.

    There is no nuance shown for multiple picks of deliveries along the way.

    In addition, there's no data that indicates average DH miles. Which is a truer picture of overall average.
     
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