PORTLAND, Ore. -- TransCore’s Truckload Rate Index saw dry van rates hold steady on the spot market for the 7-day period ending May 11. For example, 22 top lanes showed rate gains, 35 lanes moved slightly lower, and seven remained unchanged. This is the most stability seen in the van market for a month. Refrigerated trailers (reefers), however, were another story.
Although nationally reefer rates registered a modest 1.4 percent increase, outbound rates fell in major produce markets including California, south Texas and southern Florida. The sharpest decline was seen in Texas, where the Rio Grande Valley to Dallas lane dropped 17.4 percent. Yet in Atlanta, outbound reefer lanes increased 5.7 percent and lane rates leaving Orlando jumped 22.6 percent in the past seven days.
Spot market rates are rates paid to the carrier by freight brokers and other intermediaries. A more complete report of weekly and monthly rate trends can be found on TransCore Trendlines.
TransCore’s truckload rate trend of the week is derived from the company’s Truckload Rate Index, based on $4 billion in actual invoices updated daily for vans, reefers and flatbeds across the U.S. and Canada. The truckload rate trend of the week is a feature of TransCore Trendlines, published weekly with key indicators from TransCore's U.S. Freight Index. The Index is based on more than 60 million loads and trucks listed annually by freight brokers, 3PLs, shippers and carriers across the U.S. TransCore Trendlines also includes industry data from the American Trucking Associations and the U.S. Department of Energy.