Independence Day fell on a Thursday this year, so there were many people who took Friday off as well. That meant any shipments needing to be delivered last week had a tighter window, and those shipments moved at a premium.
After a slow start, reefer freight is finally hitting its stride. We've seen a uptick in both rates and freight volumes the past two weeks. The Midwest is leading the way, as summer produce is finally moving.
June freight volumes finished the month strong, and rates responded to close Q2. Over the past six weeks, van rates have climbed about 10% on the top 100 van lanes.
June freight volumes have been rising the past two weeks. In fact, load counts in the Top 100 van lanes are up 22% compared to June 2018. So why is the national average 41¢ per mile lower this year?
