Van rates declined on the U.S. spot market in the most recent two-week period. In 60 high-volume van lanes, 44 major declined and only 16 saw rate increases, for an average drop of 1.1% overall. Markets running counter to this trend included Memphis, a consistent rate leader, and Stockton, which rebounded recently from a weather-related downturn that persisted through most of March. Van linehaul rates were up $0.06 per mile from Stockton to Denver and to Portland.
Flatbed rates have also leveled off in April to-date, with the latest week registering just a 0.3% increase. Los Angeles outbound rates led the modest rise with increases in rates from L.A. to Chicago, Denver, Phoenix, and Seattle.
Reefer lanes also showed moderation with a 0.2% decline over the past week. However, some reefer markets in the south are showing signs of higher activity and no market recorded a significant decline. The biggest increase in a single reefer lane added $0.33 per mile to the rate from Orlando to Atlanta on sharply higher volumes.