PORTLAND, Ore.-- In the week ending February 4, van rates increased by 1.1 percent nationwide after a month-long decline according to TransCore’s Truckload Rate Index, a daily source of truck load rates for commercial truck freight. The $1.26 line haul rate is a welcomed reverse from the falling rates seen throughout most of January.
Example lanes showing an increase include Chicago to Los Angeles, up 5 cents per mile, Dallas to Los Angeles up 6 cents per mile, and Atlanta to Los Angeles up 7 cents per mile, all in the last two weeks. Some short haul van lanes are showing sharp increases including Atlanta, GA to Charlotte, NC.
Rates received a boost in Atlanta, which reported a 1.5 percent increase in lane rates. Lane rates were stable for vans in the Chicago and Dallas markets and in the Upper Rockies. The recent jump in rates may be the beginning of a trend or merely a recovery from recent winter storms according to TransCore.
A more detailed analysis of weekly truckload 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, a free, weekly subscription with key indicators from TransCore's U.S. Freight Index, 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.