Spot rates continue to drop with fuel surcharges

| 1/14/2015

Declining fuel surcharges continue to lower spot rates for the week ending Jan. 10 compared with the prior week, according to DAT Solutions, which operates the DAT network of load boards. Freight availability both made significant gains of 51 percent and 69 percent, respectively.

Van rates declined by 6 cents to $2.01. Los Angeles and Chicago experienced rates as high as $2.28 and $2.23, respectively. Rates for the month of December are up 7.2 percent from last year. Load-to-truck ratios went down 11 percent after a week of increases to 3.9 loads per truck. Several northwestern states – including Washington, Oregon, Idaho and Montana – had a load-to-truck ratio greater than 5.5. Nevada, New Mexico and Ohio no longer had a 5.5 or greater ratio.

Reefer rates lost 3 cents to $2.35 compared with the previous week. Green Bay rates were as high as $3.13, whereas Lakeland, Fla., had low rates of $1.94. Compared with last December, reefer rates are up 14 percent. Load-to-truck ratios decreased by 4.0 percent to 13.4 from 13.9 in the previous week. Most states west of the Mississippi River had ratios in excess of 12 loads per truck. Ohio dropped out of the states surpassing 12 loads.

Flatbed rates went down 2 cents to $2.29. Harrisburg, Pa., had a high rate of $3.98. Phoenix marked a low rate of $1.85. Rates are down 0.9 percent for the month, but are up 5.5 percent in the last 12 months. There were 16.5 loads per truck for flatbeds, a 28 percent decrease from the last week. Ohio and New York were among a handful of states with higher ratios of 18 loads per truck or more. Nevada and New Mexico – usually on the higher end – dipped below greater-than-average load ratios.

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