Rate Trend of the Week

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Why are truckload spot rates lower than last year?

June freight volumes have been rising the past two weeks, ever since International Roadcheck took some capacity off the road during the first week of June. In fact, June freight volumes in the Top 100 van lanes are up 22% compared to June 2018. So why are rates 41¢ per mile lower this year? There are a number of contributing factors. For one, a record number of truck purchases last last year has led to increased capacity. That… Read More

Roadcheck is over, but some van rates keep climbing

Summer freight is on its way, just as spring has finally sprung -- and it’s not all about Roadcheck.  The annual Roadcheck inspection blitz kicked off the month by tightening capacity for much of the first week in June. The lane rates that rose sharply during that week dropped back down again after the inspections ended, but van load volumes and rates continue to climb in the Southeast and along the West Coast.  The end… Read More

California and Texas driving reefer demand

Just as we saw with van freight, reefer rates and load-to-truck ratios cooled down last week after rising sharply the previous week due to the International Roadcheck inspection blitz. On the other hand, reefer freight volumes were up 20% compared to the previous week. Produce season is on, and we saw big volume increases coming out of both California and Texas. Although the national reefer load-to-truck ratio was down 30% last week… Read More

Van rates finally get a boost

For many motor carriers, June couldn't get here fast enough. This is typically the busiest time of the year for spot freight, and it brings in some of the highest rates of the year for trucking companies. Last week, prices increased on 90 of the top 100 van lanes, and on DAT load boards, there were more load posts than any other single week since last September. Of course, much of last week's jump in rates and load-to-truck ratios… Read More

Reefer rates growing as produce season arrives

What do you get when you combine produce season with International Roadcheck week? You guessed it: a jump in both rates and load-to-truck ratios. As we saw with van freight, reefers got a big bump last week. Many drivers stayed home rather than face inspections,… Read More

May ends quietly for reefers, but peak season awaits

Although van freight got a nice boost last week because of the shortened Memorial Day week, the news was a little less exciting for reefer carriers. Refrigerated food and beverages were already delivered in advance of the long weekend, and the month-end close is a big deal for vans, but not for reefers, at least not on the spot market. Scheduled… Read More

Flatbed report: Far cry from 2018, but bright spots remain

What a difference a year makes. Last year at the end of May there were about 90 flatbed load posts for every truck post, and the national average flatbed rate was $2.72 per mile. Last week we ended May with a load-to-truck ratio of 13 loads per truck and a national… Read More

Van rates finally pick up steam

Carriers have been waiting for good news for awhile now, and spot market rates finally started picking up steam last week. The Memorial Day holiday made for a shortened work week, which made for a tighter window for moving shipments before the end of the month. That pushed load-to-truck ratios higher, meaning shippers and brokers had a harder time finding available trucks. That helped push rates higher on 73 of the top 100 lanes.… Read More

Reefers get a boost ahead of Memorial Day

Reefer carriers finally got some good news last week. Demand for refrigerated trailers has been relatively soft this year, but shipments ahead of Memorial Day weekend pushed rates higher in many major markets and high-traffic lanes. That should also help van rates, since reefer carriers often compete for dry van loads when reefer demand is low. Last week the load-to-truck ratio was up 12% over the previous week, and the national… Read More

Are there finally signs of life for van rates?

Summer is right around the corner, but many carriers are still waiting for spot market rates to rebound ahead of what's typically the peak shipping season in June. So far, van rates haven't moved up as expected in May. The national average currently sits at $1.80 per mile, which is 1¢ lower than the April average. On the upside, rates rose on 54 of the top 100 lanes last week, which is a hopeful sign. There could be a greater sense… Read More