Spot market freight rates soared between Christmas and New Year's Day, reports DAT Trendlines.
A combination of tighter capacity and urgency to move freight before the end of 2016 led to some of the highest prices of the year.
Load-to-truck ratios surged, the latest DAT update stated, up 19 percent in the time period from December 25-31 compared with December 18-24. And the ratio was up 21 percent for December compared with November.
Spot reefer rates were up 1 percent for the week after Christmas compared to the prior week and month-over-month as well.
Fuel prices were up 1.9 percent the week following Christmas and up 2.9 percent over the month prior.
Spot flatbed rates were up .5 percent the week following Christmas and up 2.6 percent over November while van spot rates were up 1.2 percent the week after Christmas and up 4.2 percent in December over November.
Spot market loads were down 17 percent for the week following Christmas compared with the week prior but up 13 percent for December of November.
The national averages for both van and reefer rates were up 2 cents, while flatbed rates added 1 cent.
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