Spot rates for truck freight continue to show signs of improvement for the week ending Saturday, Feb. 28. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.
Van rates went up by a penny to $1.88. Chicago experienced rates as high as $2.13. Rates for the month of February were down 3.1 percent from the previous month and declined 5.1 percent since February 2014. Load-to-truck ratios increased 19.5 percent to 3.2 loads per truck. Only three states – Idaho, Maine and Vermont – have a ratio of 5.5 or greater, one fewer than the previous week as the North and South Dakotas drop off and Maine steps in.
Reefer rates increased by 1 cent to $2.11 compared with the previous week. Green Bay rates were as high as $2.63. Lakeland, Fla., had the low rates of $1.57. Compared with February 2014, reefer rates are down 3.7 percent. Load-to-truck ratios went up by 21 percent to 9.5 from 7.9 in the previous week. Only seven states west of the Mississippi have ratios of 12 or more. In previous weeks, the majority of states west of the Mississippi had higher than usual rates.
Flatbed rates also went up a penny to $2.13. Harrisburg, Pa., had a high rate of $3.41. Phoenix marked a low rate of $1.81. Rates are down 3.6 percent for the month and 3.2 percent in the last 12 months. There were 12.4 loads per truck for flatbeds, a 9.0 percent increase from the last week. Eleven states across the country have a ratio of 18 or higher, seven fewer than the previous week.
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