Will We See an Early Spring for Dry Van Freight?

Posted: 20 Feb, 2018 by Matt Sullivan


Categories: Rate Trend of the Week

Tags: CarrierBrokerOwner-Operator


The national average van rate has fallen for six straight weeks now, but that’s pretty typical for mid-February. What’s less typical is the fact that the national average is still higher than it was at any point in 2017.

Spot prices have also fallen more slowly lately than in the previous weeks. Volumes are also now higher than they were a month ago, so there are signs of momentum building.

 

DAT provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions.

With a few exceptions, prices were stable out of the major markets for van freight last week. Van load counts rose in both Houston and Chicago, which is a another sign that we could be looking at an early spring for spot freight this year.

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

RISING LANES

A couple of lanes out of the Gulf Coast region paid better last week:

  • New Orleans to Dallas rose 19¢ to an average of $2.15/mile
  • Truckload pricing also made some gains on the Houston to L.A. lane, which competes heavily with rail – van rates were up 11¢ to $1.64/mile

Up in the Pacific Northwest, the intrastate lane from Seattle to Spokane climbed 23¢ to $3.14/mile

FALLING LANES

The off season for retail has led to some steep declines on lanes going into markets that serve the Northeast:

  • Columbus, OH, to Buffalo, NY, dropped 42¢ last week to $3.42/mile
  • Chicago to Buffalo was down 25¢ to $3.11/mile
  • Buffalo to Allentown, PA, dropped 24¢ to $3.58/mile
  • Columbus to Allentown fell 23¢ to $3.56

 

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

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DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 179 million freight matches in 2017, and a database of $45 billion of market transactions.

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