Rates increased for all equipment types in the final seven days of November.
Van rates improved 0.4% week over week and Chicago saw a 1.6% increase in rates compared to the previous week, as recorded in TransCore’s Truckload Rate Index. The lane rate from Portland to Stockton jumped up 35%, week over week, most likely due to Christmas tree shipments. Santa is on his way!
Conversely, rates from Memphis dipped 2.4% after four consecutive weeks of increases. Seasonal volumes in this region have declined, as seen in the lane rate from Memphis to Dallas, which slipped 10%.
Reefer rates rose 0.5% compared to the previous week, with help from Chicago, up 2.4%. Flatbed rates are up 0.6% in the seven days ending November 30. The increase offers some stability to flatbed carriers after four consecutive weeks of declining rates.
For more information, visit the Rate Trend of the Week page in Trendlines.