Van Rates Join Flatbed, Reefer in Registering Increases

Flatbed and reefer linehaul rates have steadily moved upin May despite some much needed relief in diesel fuel prices. Van rates did notchange appreciably all month, until they rose 1.5% in the seven days (May25-31) that included Memorial Day. It’s not unusual for shippers to acceleratefreight movements at the end of a month, and the holiday weekend exaggeratesthat trend. Plus, the 1.5% increase is spread across four business days insteadof five. When all things are considered, it’s a pretty sizeable shift.

Los Angeles (LA) led with an overall increase of3.8%. Specific lanes driving theincrease were LA to Denver, up $0.23 (14%) and to Chicago, up $0.16 (19%). Also, two lanes from Atlanta moved sharplyhigher, to Philadelphia was up $0.23 (12%) and to Chicago up $0.14 (11%). Memphis to Columbus jumped the most at $0.29higher (21%), possibly reflecting a return to more normal business conditionsfollowing the flooding earlier in the month. Most others gains were nominal.

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

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