Normally there’s a lull after the end of Q1, with the rush to get freight pushed out the door before month's end now in the rearview. The drop in demand typically leads to lower rates in early April, but that wasn't the case for the week ending April 7. National average spot rates jumped up compared to the March averages.
- Van: $2.24/mile, up 9¢ from March
- Flatbed: $2.63/mile, up 10¢
- Reefer: $2.48/mile, an 8¢ gain
DAT provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions.
The number of trucks posted fell 2.7% last week. It’s hard to say exactly what caused capacity to tighten, but April 1 marked another ELD deadline. This time it was the end of "soft enforcement" for infractions, meaning that trucks can now be placed out of service for not having an ELD installed.
All rates below include fuel surcharges and are based on real transactions between brokers and carriers.
Rates rose in Columbus, OH, perhaps a reaction to ongoing snowfall in Chicago that could be slowing shipping out of that market.
Regional van lanes to watch:
- Buffalo to Charlotte, up 20¢ to $2.69/mile
- Columbus to Chicago, up 19¢ to $2.40/mile
- Memphis to Indianapolis, up 17¢ to $2.73/mile
NOT SO HOT
Rates edged down out of Chicago on lower volumes, as weather continued to hamper shipments.
Categories: Rate Trend of the Week