Roper's DAT Freight & Analytics: July Freight Volumes & Rates Chilled By Seasonality

Roper Technologies, Inc. ROP business unit DAT Freight & Analytics said truckload freight volumes slumped last month, and national benchmark spot rates for dry van and refrigerated loads retreated from their gains in June.

DAT operates an online freight marketplace and DAT iQ data analytics service.

The DAT Truckload Volume Index (TVI), a measure of loads moved during a given month, was lower in July for all three equipment types.

Van Truckload Volume Index (TVI) in July was 226, down 7% from June and 3% lower Y/Y, chilled by seasonality.

The spot van rate was $2.07 per mile, down 1 cent compared to June and 56 cents lower than in July 2022.

Reefer TVI slipped to 169, 3.4% lower than in June but 1.2% higher Y/Y.

Flatbed TVI was 238, 12.8% lower than in June but 3.5% higher Y/Y.

Despite month-over-month declines, the reefer and flatbed TVI numbers were the highest on record for July as fresh and frozen food, metals, machinery, construction materials, and other seasonal freight moved through supply chains.

"Shippers faced service disruptions at the ports and in the less-than-truckload sector but were able to secure van capacity without causing the needle to move on spot rates and volumes," said Ken Adamo, Chief of Analytics.

Price Action: ROP shares are trading lower by 0.41% to $484.73 on the last check Friday.