Rates typically drop after July 4th, but that wasn’t the case last week. Rates climbed higher than the June averages for both van and reefer freight. Some truckers may have taken an extended holiday, which made it harder for shippers and brokers to find trucks last week – or it could be a signal of an improvement in the freight market. We’ll know more next week. Meanwhile, it’s nice to finally get a raise!
Darker states represent have higher load-to-truck ratios, meaning that those states have higher demand for trucks
The focus is starting to shift to the north, but there are still plenty of loads available in the Southeast. Markets with rising rates include big cities like Chicago, Philadelphia, Atlanta, and Dallas. Outbound van rates started to decline in Los Angeles, Houston and Memphis, however.
Darker states represent have higher load-to-truck ratios, meaning that those states have higher demand for trucks
The national average rate rose 5¢ per mile for reefers last week, although rates edged down on the highest-volume lanes. This is still a transition period for produce, with the focus shifting to the north. Florida is getting quieter, and now Atlanta is starting to trend down, too. In the West, we’re seeing more volume out of Central California instead of the southern parts of the state. Also, reefer rates and volumes continue to decline at markets that share a border with Mexico, in Arizona and Texas.
