Pressure Eases on Van Rates as Summer Approaches

TransCore has seen a slight dip in spot market freightavailability as well as an uptick in truckload capacity. These trends accompanied 3-4 weeks of stable fuelprices. When the trends combine, they yieldgreater stability in spot market rates for vans. Overall, van linehaul rates have moved down0.5% in the latest three-week period, as a national average. Rates may pick upagain as June approaches.

On a regional basis, van rates are trending up 2.2% on theWest Coast. In the Southeast, rates are recovering with a 3.1% increasefollowing late April storms. Meanwhile, ratesare slipping by 3.0% in the Midwest and Northeast, as rates from Canada to theUS are down 4.3%.

Rates for shorter hauls tended to decline more steeplythan others in this period. Trips between 250-500 miles show a decline of 1.1% whiletrips over 500 miles were down by only 0.6%. The longest trips, of over 2,000miles showed no change in broker pay to the truck, according to rate datacollected by TransCore.

For detailed information on current spot market lanerates check out Truckload RateIndex. For weekly market trends, sign up forTransCore Trendlines.