Flatbed rates recede from record highs, but remain elevated

Flatbed rates are coming down from record highs, but remain elevated even after sharp drops.

There is less activity in Texas which may be related to steel tariffs and the difficulty in securing specialty pipe which is manufactured almost entirely of overseas steel. Flatbed pricing remains volatile with large weekly swings in both directions.

On DAT's top 78 flatbed lanes, 38 moved higher, 37 were lower, and 3 were neutral.

Hot Markets

Outbound markets with double-digit price increases included Jacksonville, Florida; Roanoke Virginia; and Las Vegas. Here are some of the hottest lanes:

Roanoke to Atlanta jumped a whopping $1.38 to $3.46/mile Las Vegas to Los Angeles jumped 64¢ to $4.93/mile Jacksonville to Miami increased 43¢ to $3.16/mile Reno to Seattle gained 34¢ to $3.06/mile

Falling Markets

Two East Coast ports are seeing a slowdown in pricing: in the last month Baltimore has slipped 12% lower and Savannah dropped by 6.2%. Here are some lanes where flatbed rates declined: Raleigh to Greenville, SC plunged $1.20 to $2.61/mile Cleveland to Harrisburg dropped 74¢ to $3.62/mile Birmingham to Chicago fell 67¢ to $2.49/mile Baltimore to Springfield, MA was down 61¢ to a still-high $4.57/mile.

Pat Pitz

Pat Pitz is the editor of the DAT Solutions freight broker newsletter. He has nearly 20 years experience as a professional writer and editor. Before joining DAT, he spent 8 years at a Portland advertising and public relations agency, where he wrote newsletters and other content for a variety of high-profile clients, including several in the trucking industry.