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DAT: Spot flatbed volumes surged in March

1. Spot truckload freight volumes increased in March, led by flatbed loads. 2. DAT Truckload Volume Index reveals a month-over-month rise across all equipment types.

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FAQ

Why Bullish?

The increase in truckload volumes suggests improved demand for transportation services, benefiting ROP's position in supply chains, similar to past logistics recoveries that positively impacted related stocks.

How important is it?

The upward trend in freight volumes directly correlates to industry health, crucial for ROP’s operational success, indicating strong market demand.

Why Short Term?

The increase in freight volumes is likely to result in immediate benefits for ROP, pulling from historical patterns where transport demand spikes directly influence earnings in the near term.

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BEAVERTON, Ore.--(BUSINESS WIRE)--Spot truckload freight volumes rebounded in March, led by a sharp increase in the movement of flatbed loads, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service. The DAT Truckload Volume Index (TVI), a measure of dry van, refrigerated (“reefer”), and flatbed loads moved in a month, increased for all three equipment types compared to February: Van TVI: 276, up 5% month over month Reefer TVI: 218, up.

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