|Industry Trends |
NOV 16 - NOV 22 VS. NOV 09 - NOV 15
OCT 2020 VS. SEP 2020
OCT 2020 VS. OCT 2019
|Spot Load Posts ||+2.1%||-5.9%||+122.1%|
|Spot Truck Posts ||-1.6%||+9.7%||-17.0%|
|Van Load-To-Truck ||+6.9%||-20.5%||+156.3%|
|Van Spot Rates ||+1.9%||+1.1%||+32.9%|
|Flatbed Load-To-Truck ||+5.2%||-7.7%||+243.4%|
|Flatbed Spot Rates ||+0.0%||+1.6%||+12.6%|
|Reefer Load-To-Truck ||-1.0%||-10.2%||+155.3%|
|Reefer Spot Rates ||+4.2%||+0.6%||+22.2%|
|Fuel Prices ||+2.4%||-1.0%||-21.7%|
Percent Change: +2.5%
Fuel Price: $2.44 /gallon
Thanksgiving freight volumes push reefer rates to record levels
National Spot Rates: Van, Flatbed, Reefer
Carriers juggle higher volumes and need to route drivers home for the holiday break"
Nov 16 - 22 - Spot rates are still at record levels for this time of the year with no sign of reefer rates cooling anytime soon. Thanksgiving is one of the busiest food shopping events of the year, driving higher volumes of turkey, sweet potatoes and cranberries this week, but more so this year due to the pandemic and increased numbers of consumers celebrating at home. It's also the busiest shipping week of the Christmas Tree season as retailers position inventory in readiness for next week's traditional spike in post-Thanksgiving demand. On top of this, it's also the toughest week of the year for load planners and dispatchers as they mix and match loads to route drivers home for the break.
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Trendlines shows a weekly snapshot of the month-to-date for national average rates from DAT RateView. National average spot market rates for the past four months, including fuel surcharges, are shown in the three graphs, above.
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