Sep 16

What's Hot:

Van rates increased by at least 1% over the past three weeks and the seven days ending September 14 were no exception. Rates rose 1.2% compared to the past week and continue to boost van rates mid-month. Compared to August, van rates for September, to date, are up 3.1%. It seems like rates are trending up with consumer driven freight. I'll keep an eye over activity in the next few weeks to determine how long van rates may increase.

Across the nation, rates from Dallas continue to rebound from declines brought on by severe droughts and fires. Port activity in Los Angeles rebounded rates 1% after recording the largest market decline for this segment just one week ago. LA rates are now on par with levels seen two weeks ago.

What's Not:

Stockton recorded a 2.3% dip in rates and was the largest declining market for dry vans over the past week. This major Northern California produce and distribution market rebounded from a dip spanning second half of August and appears to be on the decline again. Rates might continue to dip as produce shifts gears into the fall harvest.

What's Up:

Reefer rates recorded a mild decline of 0.4% compared to the past week but freight for this segment seems to be up. Over half of the major lanes I follow recorded a dip in rates led by Philadelphia, down 4.3%, week over week. Rates from Philly may have brought down the overall average but Los Angeles, Atlanta, and Dallas all recorded declining rates. Do you have any theories from your experience in the field?

Have you seen similar movement this past week? Have a hunch where the market might go next? Comment below, I'm curious what you're seeing out on the road. 

I will also be available LIVE on the blog Tuesday, September 19, at 4:30PM (Pacific) answering your questions on rates and trihauls. If you have a question, feel free to submit it in the comments at the bottom of this post, and I'll answer it LIVE on the blog, Monday afternoon!

For more detailed information on current spot market lane rates and freight movement sign up for TransCore Trendlines.

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