Van rates return to spring levels

Van rates stepped down for the sixth week in a row. That's not to say they're low. They're still about 20% higher than last year at this time, but now they've returned to April/May levels after hitting a peak in early July.

Many of the markets have looser capacity now than earlier in the summer. There’s been a slowdown in Texas, and volumes and rates are falling in Southern California, after frenzied activity a few weeks ago at the port of Los Angeles/Long Beach. Only 23 of the top 100 van lanes had rising rates last week, while 74 declined and 3 held steady. Confirming the trend, the national average van rate dipped 2¢ week over week to $2.16 per mile for the month to-date.

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 270 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.

All rates below include fuel surcharges and are based on real transactions between brokers and carriers.

RISING RATES
Although outbound prices were down in most markets, rates did rise on a handful of regional lanes:

  • Seattle to Eugene, OR jumped up 13¢ to $3.10/mile
  • Buffalo to Allentown, PA rose 7¢ to $3.53/mile
  • Philadelphia to Boston also increased 7¢ to $4.14/mile

FALLING RATES

As mentioned earlier, rates coming out of Los Angeles took a hit last week. Here are a few examples:

  • Los Angeles to Seattle fell 13¢ at $2.92/mile
  • Los Angeles to Denver declined 8¢ to $3.07/mile
  • Los Angeles to Atlanta also declined 8¢ to $1.95/mile

Rates into Buffalo, NY, also moved lower last week:

  • Chicago to Buffalo plunged 27¢ to a still-decent $3.16/mile
  • Charlotte to Buffalo fell 23¢ to $2.72/mile
  • Columbus to Buffalo dropped 14¢ to $3.63/mile

Find loads, trucks and lane-by-lane rate information in DAT load boards, including rates from DAT RateView.



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.



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