Load-to-truck ratios for dry van and flatbed increased slightly week over week for the seven-day period beginning Oct. 26.
While reefer traditionally sees loads increase up through Thanksgiving, reefer loads took a notable hit, possibly the result of a cooling demand for perishable produce following the suspension of the Supplemental Nutrition Assistance Program, according to DAT Freight & Analytics.
DAT said the halting of SNAP benefits has impacted the reefer market, according to its Nov. 4 reefer report.
“While SNAP’s legal and financial status remains uncertain due to the shutdown, several state agencies, including those in Florida and New York, had already announced that November allotments would be suspended effective November 1st due to a lack of federal funding,” DAT iQ principal analyst Dean Croke said in the reefer report.
Meanwhile, the increased load-to-truck ratio for dry van was due to a 9% decrease in available equipment posts and an unexpected decline in load posts toward the end of the month, DAT said in its weekly dry van report.
As for flatbed, the government shutdown has delayed the release of the U.S. Census Bureau’s September residential construction data, a key indicator for flatbed trucking, DAT said in its weekly flatbed report. Residential construction, specifically for single-family homes as well as existing home repair and remodeling, drives flatbed demand for lumber.
However, the increase in flatbed load-to-truck ratio was the result of a 6% decrease in load posts combined with a 9% reduction in available equipment posts, DAT said in its flatbed report.
Flatbed capacity remained constrained in the Pacific Northwest, where load post volume surged 11% last week, DAT said. Specifically, in Medford, Oregon, load post volumes rose by 13% last week, driven by shipments destined for the San Francisco Bay Area and Los Angeles.