Reefer rates edged up in the first two weeks of February led by a 2.5% increase in linehaul from the Atlanta market. Overall, while the increase was only 0.4% this reverses declining rates seen throughout January. The flatbed segment remains fairly constant. Van rates though moved up a strong 1.8% in the past two weeks led by Dallas (up 4.2%), Atlanta (up 3.5%) and Chicago (up 2.6%) so the focus is on this segment.
Van highlights – increasing rates
Van rising rate trends continue. TransCore has experienced record high levels of activity on its load boards and in most parts of the country this is translating into stronger rates independent of fuel related increases. Example lanes showing an increase in the last month include Memphis to Dallas, up 18 cents per mile, Chicago to Atlanta up 12 cents per mile, and Minneapolis to Chicago up 19 cents per mile.
Other smaller markets like Columbus, Ohio and Charlotte, NC are showing stronger pricing levels. Philadelphia market is up 1.3% in the last two weeks with headhaul regional lanes showing the most increase rather than backhaul lanes leaving the region. On the West Coast, Oregon leads with the best load-to-truck ratio.
Van lowlights – decreasing rates, lowest rates
The most noteworthy lane in this week’s report remains the Los Angeles to Atlanta lane which has now declined 18 cents per mile in spot market pay to truck in the last month. Rates from LA to Denver and Dallas are also down by 13 cents and 11 cents respectively in the last two weeks. The lowest current van rates are out of Florida with central Florida (Lakeland/Orlando/Tampa) currently paying 94 cents per mile all-in to the truck. Backhauls from Phoenix to the Los Angles market are also running below $1.00 per mile.
Want more rate data?
For specific lane rate data, check out Truckload Rate Index, the most comprehensive database of trucking freight rates. Our contract rates are derived from over 12 million actual freight bills. We also have the only spot market rate product product, which is based on daily invoices for over $4 billion in freight billings.