Average spot market rates still going down

| 2/18/2015

Spot rates for truck freight dropped for the seventh consecutive week for the week ending Saturday, Feb. 14. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards. Rates dropped for all three categories for the third consecutive week.

Van rates declined by a penny to $1.86. Chicago experienced rates as high as $2.09. Rates for the month of January were down 6.7 percent from the previous month, but have remained stagnant since January 2014. Load-to-truck ratios went down 15 percent to 2.1 loads per truck. Only four states – Idaho, North Dakota, South Dakota and Vermont – have a ratio of 5.5 or greater, unchanged from the previous week and keeping up with the seasonal trend.

Reefer rates lost 1 cent to $2.10 compared with the previous week. Green Bay rates were as high as $2.77. Lakeland, Fla., had the low rates of $1.63. Compared with January 2014, reefer rates are up 8.3 percent. Load-to-truck ratios decreased by 18 percent to 6.2 from 7.5 in the previous week. A large portion of the states west of the Mississippi River had ratios in excess of 12 loads per truck.

Flatbed rates dropped 2 cents to $2.12. Harrisburg, Pa., had a high rate of $3.29. Phoenix marked a low rate of $1.57. Rates are down 3.5 percent for the month, but are up 5.7 percent in the last 12 months. There were 11.1 loads per truck for flatbeds, a 5.4 percent decrease from the last week. Eighteen states across the country have a ratio of 18 or higher.

Copyright © OOIDA