Document tightness on the location current market: The load-to-truck ratio on the location current market in the dry van phase closed December with a history-high 9-to-1 load-to-truck ratio, according to DAT Alternatives. That is the most tilted regular monthly typical ratio given that DAT began measuring load-to-truck ratios in 2010. Provided the segment’s tightness, for each-mile van rates jumped to $2.11, also a history-high for DAT’s location current market facts.
The location current market in the next 50 percent of 2017 soared, with freight availability viewing significant gains, and, so, driving up rates.
For instance, van rates in January 2017 averaged $1.67 a mile, DAT mentioned — 45 cents reduced than December’s typical. The load-to-truck ratio in January 2017 was 3.3 hundreds for every single readily available van hauler on DAT’s board.
Trucking work dips following 4-thirty day period rally: Overall work in the for-employ the service of trucking marketplace fell by 600 positions in December, according to the Labor Department’s regular monthly Employment Condition Report. That is the initially decrease given that a 1,000-task dip in August.
The DOL also downwardly revised November’s gains, down to a 700-task improve from the previously claimed 1,800-task uptick.
The overall economy as a total in December extra 148,000 positions, and the country’s unemployment price held at 4.1 p.c.
For-employ the service of trucking work totaled 1.4753 million in December, up 10,400 positions from the exact thirty day period in 2016. These figures do not account for personal fleet facts and is based on the amount of payroll staff members in the thirty day period.
The construction marketplace in December extra 30,000 positions. Producing gained 25,000 positions. The transportation and warehousing sector, under which trucking falls, extra 1,800 positions in the thirty day period.