Rate Trend of the Week: Van rates begin seasonal decline

TransCore’s Truckload Rate Index shows national van linehaul rates at the same level for the past four months. Rates have stayed high because the main freight producing points of Atlanta, Chicago and Los Angeles have experienced high demand and offset some weak backhaul market showings.

Here are some interesting examples found through using TransCore’s Truckload Rate Index for spot market-

Market leader for increasing van rates:

  • Dallas, TX outbound – Dallas has rebounded 3.2% from the previous two week period
  • The largest van lane increase – Dallas, TX to Denver, CO – accompanies a decline in prices from the Denver market.
  • Dallas to Denver increased by $0.28/mile to $1.32/mile for linehaul. Denver to Dallas fell by $0.24/mile for a small net gain on the lane.
  • Rates from Chicago, IL stayed stable, most other markets showed declines especially in backhaul lanes.

Market leaders for decreasing van rates:

  • Atlanta and Los Angeles
  • Outbound Los Angles rates were down significantly to Chicago, Dallas, Denver and Atlanta.
  • Atlanta long haul rates also dropped, the exception from Atlanta was a 21 cent increase to Charlotte

Big increase:

  • Dallas to Denver increased linehaul by $0.28/mile (to $1.32)
  • The change in rates in the Dallas – Denver lane may be due to the end of seasonal freight like Christmas trees

Big declines:

  • The largest decline of 21 cents was in the Los Angeles to Dallas lane (to $1.27 for linehaul)
  • Los Angeles to Atlanta also dropped 20 cents per mile

For each week’s Rate Trend, we analyze changes in freight movement and rates on the spot market in 48 top lanes across the U.S. These routes serve major markets, including Atlanta, Chicago, Dallas, Los Angeles and Philadelphia. We also look at secondary markets such as Columbus, Denver and Memphis.

To find rates for your favorite lanes and equipment every day, subscribe to Truckload Rate Index Combo. You’ll get spot market pricing from broker rate agreements – not bids – alongside the longer-term contract rates derived from thousands of actual freight bills, plus information about load-to-truck ratios, historic rate trends and other cool features.

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