Rate Trend of the Week

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Van rates stuck in holding pattern

Spot market van trends were a mixed bag last week. The large volume of freight we saw moving from the West Coast during the previous week resulted in higher volumes in the East last week, but several West Coast cities saw sharp volume declines. Truckload capacity also tightened across much of the southern half of the country, but that was offset by the heavy competition for loads in the top half of the country, which you can see in… Read More

Good and bad news for reefer freight

First the bad news: Refrigerated truckload freight took a step back last week due to weakness in Florida and some California markets. Miami volumes dropped more than 15%, and outbound loads from California were down 7%. As you can see from the Hot Market Map below, it's pretty pale for this time of year. Now the good news: Overall reefer load volumes are higher than they were at this time last year, and reefer load posts did increase… Read More

Vans still waiting for the spring surge

Just when we thought spring had finally arrived, van rates cooled off again last week on the spot market. More loads moved than in any other week this year, but there are still plenty of trucks available, so load-to-truck ratios declined despite the additional volume. The national average load-to-truck ratio for vans has lingered at or below 2 loads per truck since… Read More

Florida and California drive reefer demand

Reefer loads saw a sharp increase last week, but just as we saw with vans, there appeared to be enough capacity to absorb the demand. Volumes from California jumped 13% last week, while Florida and Arizona saw about a 10% increase. While several markets experienced price increases, it wasn't enough to boost the national… Read More

Better weather helps push van rates upward

After declining for several weeks, van rates seem to have turned a corner. The national average rate for May so far is $1.82/mi., which is above the April average. Individual lane rates are also trending upward. Last week on the top 100 van lanes 53 were up, 35 were down and 12 were neutral. It's been six weeks since we've seen more rising lanes than falling. Spring has also brought increased demand: last week the… Read More

Reefer rates rise as Florida hits its stride

It's been a slow spring for fresh produce, but there are some hot spots, especially in the southernmost states. Freight volumes surged about 25% out of both Miami and Lakeland, FL, and some lanes about of Florida saw rates jump as much as 85¢ per mile. That helped boost the national average reefer rate to $2.18/mi., which is 3¢ higher than the April average. Here's what's happening in some of the top reefer… Read More

Post-Easter rebound doesn't reach truckload rates

Although van freight volumes recovered following Easter week, it wasn't enough to boost the national average van rate, which remains at $1.81/mi. That's 4¢ below the March average, as truck availability has kept prices in check throughout April. On the top 100 van lanes last week, 37 lanes were up, 51 were down and 12 were neutral. Some good news: freight volumes are higher this year than they've been the past 3 years (see chart at… Read More

Lagging produce volumes hurt reefer rates

Expectations of a post-Easter rebound failed to materialize in reefer produce freight last week. Truckload demand in Florida continued to build, especially late in the week, but rates were mixed. Lakeland, FL had about 20% more loads, but Miami saw loads fall about 8%. On the top reefer lanes last week, rates increased in 27 lanes, decreased in 41, and 4 lanes remained neutral. The national average reefer rate so far for April is… Read More

4 reasons flatbed should bounce back soon

After a strong first quarter, flatbed freight has slowed in April. It's been a wet month throughout the country, and there's been a slowdown in oil production in the Permian Basin in West Texas. There are, however, a number of reasons to be optimistic about the flatbed market, and as you can see in the Hot Market Map, some markets are already recovering. DAT load boards… Read More

Reefers wanted today in Georgia, as Vidalia onions roll out

If you have a reefer trailer, you can be sure to find a load in Southeastern Georgia this week. The load-to-truck ratio jumped from 7 to 18 loads per truck for reefers in the Savannah, Georgia market today — specifically in the farm country that's about 90 miles… Read More